Published on 19 Mar 2024 on Simply Wall St. via Yahoo Finance
RWE Aktiengesellschaft (ETR:RWE) Analysts Just Slashed This Year's Revenue Estimates By 10%
The analysts covering RWE Aktiengesellschaft (ETR:RWE) delivered a dose of negativity to shareholders today, by making a substantial revision to their statutory forecasts for this year. This report focused on revenue estimates, and it looks as though the consensus view of the business has become substantially more conservative.
Following the downgrade, the most recent consensus for RWE from its 14 analysts is for revenues of €36b in 2024 which, if met, would be a reasonable 3.4% increase on its sales over the past 12 months. Statutory earnings per share are presumed to surge 45% to €2.83. Previously, the analysts had been modelling revenues of €40b and earnings per share (EPS) of €2.84 in 2024. Indeed we can see that the consensus opinion has undergone some fundamental changes following the recent consensus updates, with a measurable cut to revenues and some minor tweaks to earnings numbers.
See our latest analysis for RWE