doValue S.p.A. (BIT:DOV) Half-Yearly Results: Here's What Analysts Are Forecasting For This Year
Investors in doValue S.p.A. (BIT:DOV) had a good week, as its shares rose 4.9% to close at €1.90 following the release of its half-year results. 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 gathered the latest post-earnings forecasts to see what estimates suggest is in store for next year.
After the latest results, the four analysts covering doValue are now predicting revenues of €718.9m in 2026. If met, this would reflect a solid 11% improvement in revenue compared to the last 12 months. Earnings are expected to improve, with doValue forecast to report a statutory profit of €0.069 per share. Yet prior to the latest earnings, the analysts had been anticipated revenues of €720.9m and earnings per share (EPS) of €0.11 in 2026. The analysts seem to have become more bearish following the latest results. While there were no changes to revenue forecasts, there was a pretty serious reduction to EPS estimates.
Check out our latest analysis for doValue
It might be a surprise to learn that the consensus price target was broadly unchanged at €2.22, with the analysts clearly implying that the forecast decline in earnings is not expected to have much of an impact on valuation. 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 doValue analyst has a price target of €2.90 per share, while the most pessimistic values it at €1.80. This shows there is still a bit of diversity in estimates, but analysts don't appear to be totally split on the stock as though it might be a success or failure situation.
Taking a look at the bigger picture now, one of the ways we can understand these forecasts is to see how they compare to both past performance and industry growth estimates. The analysts are definitely expecting doValue's growth to accelerate, with the forecast 23% annualised growth to the end of 2026 ranking favourably alongside historical growth of 0.8% per annum over the past five years. Compare this with other companies in the same industry, which are forecast to grow their revenue 9.9% annually. Factoring in the forecast acceleration in revenue, it's pretty clear that doValue is expected to grow much faster than its industry.
The Bottom Line
The biggest concern is that the analysts reduced their earnings per share estimates, suggesting business headwinds could lay ahead for doValue. 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. There was no real change to the consensus price target, suggesting that the intrinsic value of the business has not undergone any major changes with the latest estimates.
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 estimates - from multiple doValue analysts - going out to 2028, and you can see them free on our platform here.
Plus, you should also learn about the 3 warning signs we've spotted with doValue .
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