Earnings Miss: BE Semiconductor Industries N.V. Missed EPS By 11% And Analysts Are Revising Their Forecasts

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2 days ago

Last week, you might have seen that BE Semiconductor Industries N.V. (AMS:BESI) released its quarterly result to the market. The early response was not positive, with shares down 8.5% to €117 in the past week. It was not a great result overall. While revenues of €148m were in line with analyst predictions, earnings were less than expected, missing statutory estimates by 11% to hit €0.40 per share. 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. With this in mind, we've gathered the latest statutory forecasts to see what the analysts are expecting for next year.
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Taking into account the latest results, BE Semiconductor Industries' 19 analysts currently expect revenues in 2025 to be €612.9m, approximately in line with the last 12 months. Statutory earnings per share are expected to drop 13% to €1.87 in the same period. Before this earnings report, the analysts had been forecasting revenues of €632.8m and earnings per share (EPS) of €2.15 in 2025. From this we can that sentiment has definitely become more bearish after the latest results, leading to lower revenue forecasts and a substantial drop in earnings per share estimates.
Check out our latest analysis for BE Semiconductor Industries
The analysts made no major changes to their price target of €136, suggesting the downgrades are not expected to have a long-term impact on BE Semiconductor Industries' valuation. 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 BE Semiconductor Industries analyst has a price target of €170 per share, while the most pessimistic values it at €100.00. 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.
Of course, another way to look at these forecasts is to place them into context against the industry itself. The period to the end of 2025 brings more of the same, according to the analysts, with revenue forecast to display 3.6% growth on an annualised basis. That is in line with its 3.0% annual growth over the past five years. Compare this with the broader industry (in aggregate), which analyst estimates suggest will see revenues grow 8.4% annually. So although BE Semiconductor Industries is expected to maintain its revenue growth rate, it's forecast to grow slower 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 BE Semiconductor Industries. Unfortunately, they also downgraded their revenue estimates, and our data indicates underperformance compared to the wider industry. Even so, earnings per share are more important to the intrinsic value of the business. 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.
Keeping that in mind, we still think that the longer term trajectory of the business is much more important for investors to consider. We have estimates - from multiple BE Semiconductor Industries analysts - going out to 2027, and you can see them free on our platform here.
It is also worth noting that we have found 1 warning sign for BE Semiconductor Industries that you need to take into consideration.
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