Altea Green Power S.p.A. Recorded A 63% Miss On Revenue: Analysts Are Revisiting Their Models
It's been a sad week for Altea Green Power S.p.A. (BIT:AGP), who've watched their investment drop 13% to €6.00 in the week since the company reported its half-yearly result. Revenues were €5.5m, 63% shy of what the analysts were expecting, although statutory earnings of €0.46 per share were roughly in line with what was forecast. Following the result, the analysts have updated their earnings model, and it would be good to know whether they think there's been a strong change in the company's prospects, or if it's business as usual. So we collected the latest post-earnings statutory consensus estimates to see what could be in store for next year.
Taking into account the latest results, the consensus forecast from Altea Green Power's two analysts is for revenues of €30.4m in 2026. This reflects a major 111% improvement in revenue compared to the last 12 months. Per-share earnings are expected to leap 300% to €0.84. In the lead-up to this report, the analysts had been modelling revenues of €38.6m and earnings per share (EPS) of €1.12 in 2026. Indeed, we can see that the analysts are a lot more bearish about Altea Green Power's prospects following the latest results, administering a pretty serious reduction to revenue estimates and slashing their EPS estimates to boot.
Check out our latest analysis for Altea Green Power
It'll come as no surprise then, to learn that the analysts have cut their price target 5.9% to €8.85.
These estimates are interesting, but it can be useful to paint some more broad strokes when seeing how forecasts compare, both to the Altea Green Power's past performance and to peers in the same industry. The analysts are definitely expecting Altea Green Power's growth to accelerate, with the forecast 3x annualised growth to the end of 2026 ranking favourably alongside historical growth of 29% per annum over the past five years. Compare this with other companies in the same industry, which are forecast to grow their revenue 9.0% annually. It seems obvious that, while the growth outlook is brighter than the recent past, the analysts also expect Altea Green Power to grow faster than the wider industry.
The Bottom Line
The biggest concern is that the analysts reduced their earnings per share estimates, suggesting business headwinds could lay ahead for Altea Green Power. They also downgraded Altea Green Power's revenue estimates, but industry data suggests that it is expected to grow faster than the wider industry. Furthermore, the analysts also cut their price targets, suggesting that the latest news has led to greater pessimism about the intrinsic value of the business.
Following on from that line of thought, we think that the long-term prospects of the business are much more relevant than next year's earnings. We have analyst estimates for Altea Green Power going out as far as 2028, and you can see them free on our platform here.
However, before you get too enthused, we've discovered 2 warning signs for Altea Green Power (1 shouldn't be ignored!) that you should be aware of.
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
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.