Last week, you might have seen that Masterflex SE (ETR:MZX) released its half-year result to the market. The early response was not positive, with shares down 5.1% to €9.96 in the past week. Results were roughly in line with estimates, with revenues of €52m and statutory earnings per share of €0.83. Earnings are an important time for investors, as they can track a company's performance, look at what the analysts are forecasting for next year, and see if there's been a change in sentiment towards the company. With this in mind, we've gathered the latest statutory forecasts to see what the analysts are expecting for next year.

See our latest analysis for Masterflex

Taking into account the latest results, the most recent consensus for Masterflex from dual analysts is for revenues of €103.9m in 2024. If met, it would imply a reasonable 3.7% increase on its revenue over the past 12 months. Statutory per-share earnings are expected to be €0.91, roughly flat on the last 12 months. Yet prior to the latest earnings, the analysts had been anticipated revenues of €104.4m and earnings per share (EPS) of €0.90 in 2024. So it's pretty clear that, although the analysts have updated their estimates, there's been no major change in expectations for the business following the latest results.

It will come as no surprise then, to learn that the consensus price target is largely unchanged at €15.10.

Another way we can view these estimates is in the context of the bigger picture, such as how the forecasts stack up against past performance, and whether forecasts are more or less bullish relative to other companies in the industry. The period to the end of 2024 brings more of the same, according to the analysts, with revenue forecast to display 7.5% growth on an annualised basis. That is in line with its 7.3% annual growth over the past five years. Compare this with the broader industry, which analyst estimates (in aggregate) suggest will see revenues grow 4.6% annually. So it's pretty clear that Masterflex is forecast to grow substantially faster than its industry.

The Bottom Line

The most important thing to take away is that there's been no major change in sentiment, with the analysts reconfirming that the business is performing in line with their previous earnings per share estimates. Fortunately, they also reconfirmed their revenue numbers, suggesting that it's tracking in line with expectations. Additionally, our data suggests that revenue is expected to grow faster than the wider industry. The consensus price target held steady at €15.10, with the latest estimates not enough to have an impact on their price targets.