secunet Security Networks Aktiengesellschaft (ETR:YSN) Just Released Its Half-Yearly Results And Analysts Are Updating Their Estimates
secunet Security Networks Aktiengesellschaft (ETR:YSN) last week reported its latest interim results, which makes it a good time for investors to dive in and see if the business is performing in line with expectations. Results were roughly in line with estimates, with revenues of €205m and statutory earnings per share of €5.15. 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. We've gathered the most recent statutory forecasts to see whether the analysts have changed their earnings models, following these results.
Taking into account the latest results, the current consensus from secunet Security Networks' three analysts is for revenues of €504.0m in 2026. This would reflect a satisfactory 2.5% increase on its revenue over the past 12 months. Per-share earnings are expected to expand 16% to €6.12. In the lead-up to this report, the analysts had been modelling revenues of €503.1m and earnings per share (EPS) of €6.10 in 2026. The consensus analysts don't seem to have seen anything in these results that would have changed their view on the business, given there's been no major change to their estimates.
See our latest analysis for secunet Security Networks
There were no changes to revenue or earnings estimates or the price target of €241, 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 secunet Security Networks analyst has a price target of €260 per share, while the most pessimistic values it at €210. Still, with such a tight range of estimates, it suggeststhe analysts have a pretty good idea of what they think the company is worth.
These estimates are interesting, but it can be useful to paint some more broad strokes when seeing how forecasts compare, both to the secunet Security Networks' past performance and to peers in the same industry. We would highlight that secunet Security Networks' revenue growth is expected to slow, with the forecast 5.0% annualised growth rate until the end of 2026 being well below the historical 8.3% p.a. growth over the last five years. Compare this against other companies (with analyst forecasts) in the industry, which are in aggregate expected to see revenue growth of 6.5% annually. Factoring in the forecast slowdown in growth, it seems obvious that secunet Security Networks is also expected to grow slower than other industry participants.
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. On the plus side, there were no major changes to revenue estimates; although forecasts imply they will perform worse than the wider industry. The consensus price target held steady at €241, with the latest estimates not enough to have an impact on their price targets.
With that in mind, we wouldn't be too quick to come to a conclusion on secunet Security Networks. Long-term earnings power is much more important than next year's profits. At Simply Wall St, we have a full range of analyst estimates for secunet Security Networks going out to 2028, and you can see them free on our platform here..
You still need to take note of risks, for example - secunet Security Networks has 1 warning sign we think you should be aware of.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.