Last week, you might have seen that Endeavour Group Limited (ASX:EDV) released its half-yearly result to the market. The early response was not positive, with shares down 6.3% to AU$4.17 in the past week. Overall the results were a little better than the analysts were expecting, with revenues beating forecasts by 7.7%to hit AU$6.6b. The analysts typically update their forecasts at each earnings report, and we can judge from their estimates whether their view of the company has changed or if there are any new concerns to be aware of. Readers will be glad to know we've aggregated the latest statutory forecasts to see whether the analysts have changed their mind on Endeavour Group after the latest results.
View our latest analysis for Endeavour Group
Taking into account the latest results, Endeavour Group's 14 analysts currently expect revenues in 2025 to be AU$12.2b, approximately in line with the last 12 months. Statutory earnings per share are forecast to dip 4.6% to AU$0.24 in the same period. In the lead-up to this report, the analysts had been modelling revenues of AU$12.2b and earnings per share (EPS) of AU$0.25 in 2025. 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.
There were no changes to revenue or earnings estimates or the price target of AU$4.95, suggesting that the company has met expectations in its recent result. The consensus price target is just an average of individual analyst targets, so - it could be handy to see how wide the range of underlying estimates is. The most optimistic Endeavour Group analyst has a price target of AU$6.10 per share, while the most pessimistic values it at AU$4.10. As you can see, analysts are not all in agreement on the stock's future, but the range of estimates is still reasonably narrow, which could suggest that the outcome is not totally unpredictable.
Of course, another way to look at these forecasts is to place them into context against the industry itself. These estimates imply that revenue is expected to slow, with a forecast annualised decline of 1.7% by the end of 2025. This indicates a significant reduction from annual growth of 14% over the last five years. Compare this with our data, which suggests that other companies in the same industry are, in aggregate, expected to see their revenue grow 3.1% per year. It's pretty clear that Endeavour Group's revenues are expected to perform substantially worse than the wider industry.
The most obvious conclusion is that there's been no major change in the business' prospects in recent times, with the analysts holding their earnings forecasts steady, in line with previous estimates. Fortunately, the analysts also reconfirmed their revenue estimates, suggesting that it's tracking in line with expectations. Although our data does suggest that Endeavour Group's revenue is expected to perform worse than the wider industry. The consensus price target held steady at AU$4.95, with the latest estimates not enough to have an impact on their price targets.
With that said, the long-term trajectory of the company's earnings is a lot more important than next year. We have forecasts for Endeavour Group going out to 2027, and you can see them free on our platform here.
Before you take the next step you should know about the 1 warning sign for Endeavour Group that we have uncovered.
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