Published on 10 May 2024 on Simply Wall St. via Yahoo Finance

Analysts Just Made A Major Revision To Their RWE Aktiengesellschaft (ETR:RWE) Revenue Forecasts

The latest analyst coverage could presage a bad day for RWE Aktiengesellschaft (ETR:RWE), with the analysts making across-the-board cuts to their statutory estimates that might leave shareholders a little shell-shocked. Revenue estimates were cut sharply as the analysts signalled a weaker outlook - perhaps a sign that investors should temper their expectations as well.

Following the downgrade, the consensus from 15 analysts covering RWE is for revenues of €27b in 2024, implying a painful 22% decline in sales compared to the last 12 months. Prior to the latest estimates, the analysts were forecasting revenues of €30b in 2024. It looks like forecasts have become a fair bit less optimistic on RWE, given the measurable cut to revenue estimates.