JDE Peet’s NV (AMS:JDEP) Just Released Half-Year Results: Here’s What Analysts Think

It was a really great week for JDE Peet’s NV (AMS:JDEP) shareholders, whose shares rose 16% to €21.28 in the week since its last interim results. This was a solid result, with revenues of €4.2bn and statutory earnings per share of €0.75, both in line with analyst estimates, showing that JDE Peet’s is delivering on its targets in line with expectations. This is an important time for investors as they can track the company’s performance in its report, check out what the experts are forecasting for next year and see if there have been any changes to expectations for the business. We’ve gathered the latest statutory forecasts to see if the analysts have changed their earnings models following these results.

Check out our latest analysis of JDE Peet’s

Following the latest results, eleven JDE Peet analysts are now forecasting revenues of €8.77 billion in 2024. This would represent a satisfactory 4.2% increase in revenues compared to the last 12 months. Statutory earnings per share are predicted to increase by 30% to €1.42. In the period leading up to this report, the analysts had been modelling revenues of €8.60 billion and earnings per share (EPS) of €1.37 in 2024. The analysts appear to be more optimistic about the business, judging by their new earnings per share estimates.

There was no major change to the consensus price target of €22.51, suggesting that the improved earnings per share outlook will not be enough to have a long-term positive impact on the stock’s valuation. It can also be instructive to look at the range of analyst estimates to see how much the outliers differ from the average. There are some differing perceptions regarding JDE Peet, with the most optimistic analyst valuing it at €27.00 and the most pessimistic at €18.00 per share. As you can see, there is some disagreement among analysts about the stock’s future, but the range of estimates is still quite narrow, suggesting that the outcome is not entirely unpredictable.

The story continues

Now, looking at the bigger picture, one way we can understand these forecasts is to look at how they compare to past performance and industry growth estimates. From the latest estimates, we can see that JDE Peet is forecast to continue its historical trends, as its 8.6% annual revenue growth through the end of 2024 is roughly in line with the 7.6% annual growth over the past three years. In turn, our data suggests that other companies (with analyst coverage) in a similar industry are forecast to grow at 4.1% per year. So while JDE Peet is expected to maintain its revenue growth rate, it will certainly grow faster than the broader industry.

Summary

The biggest takeaway for us is the consensus for an earnings per share upgrade, which suggests a clear improvement in sentiment around JDE Peet’s earnings potential next year. Fortunately, there were no major changes to revenue forecasts, with the company continuing to grow faster than the broader industry. The consensus price target remained steady at EUR22.51, with the latest estimates not being enough to affect their price targets.

With that in mind, we still believe the longer-term trajectory of the business is much more important to investors. At Simply Wall St, we have a full range of analyst estimates for JDE Peet’s out to 2026, which you can see for free on our platform here.

Regardless, be aware that JDE Peet’s shows 2 warning signs in our investment analysis you should know about…

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This Simply Wall St article is for general information purposes only. Our commentary is based solely on historical data and analyst forecasts, and is based on an objective methodology. Our articles are not intended to be financial advice. It is not a recommendation to buy or sell stocks and does not take into account your objectives or your financial situation. Our goal is to provide you with long-term, focused analysis based on fundamental data. Please note that our analysis may not reflect the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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