Bilfinger SE (ETR:GBF) shareholders are probably feeling a little disappointed, since its shares fell 3.7% to €73.20 in the week after its latest first-quarter results. Results were roughly in line with estimates, with revenues of €1.3b and statutory earnings per share of €0.84. 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.

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After the latest results, the four analysts covering Bilfinger are now predicting revenues of €5.37b in 2025. If met, this would reflect a credible 2.9% improvement in revenue compared to the last 12 months. Per-share earnings are expected to accumulate 7.9% to €5.32. In the lead-up to this report, the analysts had been modelling revenues of €5.35b and earnings per share (EPS) of €5.40 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.

View our latest analysis for Bilfinger

With the analysts reconfirming their revenue and earnings forecasts, it's surprising to see that the price target rose 6.8% to €78.75. It looks as though they previously had some doubts over whether the business would live up to their expectations. It could also be instructive to look at the range of analyst estimates, to evaluate how different the outlier opinions are from the mean. The most optimistic Bilfinger analyst has a price target of €87.00 per share, while the most pessimistic values it at €70.00. Even so, with a relatively close grouping of estimates, it looks like the analysts are quite confident in their valuations, suggesting Bilfinger is an easy business to forecast or the the analysts are all using similar assumptions.

Of course, another way to look at these forecasts is to place them into context against the industry itself. It's pretty clear that there is an expectation that Bilfinger's revenue growth will slow down substantially, with revenues to the end of 2025 expected to display 3.9% growth on an annualised basis. This is compared to a historical growth rate of 7.1% over the past five years. Compare this to the 13 other companies in this industry with analyst coverage, which are forecast to grow their revenue at 4.0% per year. Factoring in the forecast slowdown in growth, it looks like Bilfinger is forecast to grow at about the same rate as the wider industry.

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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. They also reconfirmed their revenue estimates, with the company predicted to grow at about the same rate as the wider industry. We note an upgrade to the price target, suggesting that the analysts believes the intrinsic value of the business is likely to improve over time.

With that said, the long-term trajectory of the company's earnings is a lot more important than next year. At Simply Wall St, we have a full range of analyst estimates for Bilfinger 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 Bilfinger that we have uncovered.

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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.

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