Last week, you might have seen that Fraport AG (ETR:FRA) released its interim result to the market. The early response was not positive, with shares down 3.1% to €44.08 in the past week. The result was positive overall - although revenues of €2.0b were in line with what the analysts predicted, Fraport surprised by delivering a statutory profit of €1.63 per share, modestly greater than expected. 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. We thought readers would find it interesting to see the analysts latest (statutory) post-earnings forecasts for next year.

See our latest analysis for Fraport

Taking into account the latest results, Fraport's 17 analysts currently expect revenues in 2024 to be €4.26b, approximately in line with the last 12 months. Statutory earnings per share are forecast to decrease 4.8% to €4.77 in the same period. Before this earnings report, the analysts had been forecasting revenues of €4.25b and earnings per share (EPS) of €4.80 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 €58.00. There's another way to think about price targets though, and that's to look at the range of price targets put forward by analysts, because a wide range of estimates could suggest a diverse view on possible outcomes for the business. The most optimistic Fraport analyst has a price target of €76.00 per share, while the most pessimistic values it at €40.00. This is a fairly broad spread of estimates, suggesting that analysts are forecasting a wide range of possible outcomes for the business.

One way to get more context on these forecasts is to look at how they compare to both past performance, and how other companies in the same industry are performing. We would highlight that revenue is expected to reverse, with a forecast 1.7% annualised decline to the end of 2024. That is a notable change from historical growth of 6.5% over the last five years. By contrast, our data suggests that other companies (with analyst coverage) in the same industry are forecast to see their revenue grow 4.0% annually for the foreseeable future. It's pretty clear that Fraport's revenues are expected to perform substantially worse than the wider industry.