Last week, you might have seen that Delivery Hero SE (ETR:DHER) released its first-quarter result to the market. The early response was not positive, with shares down 6.2% to €22.68 in the past week. This is an important time for investors, as they can track a company’s performance in its report, look at what experts are forecasting for next year, and see if there has been any change to expectations for the business. So we gathered the latest post-earnings forecasts to see what estimates suggest is in store for next year.
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Following the latest results, Delivery Hero’s 17 analysts are now forecasting revenues of €14.2b in 2025. This would be a credible 5.9% improvement in revenue compared to the last 12 months. Losses are forecast to narrow 7.6% to €1.75 per share. Before this earnings announcement, the analysts had been modelling revenues of €14.0b and losses of €1.57 per share in 2025. So it’s pretty clear the analysts have mixed opinions on Delivery Hero even after this update; although they reconfirmed their revenue numbers, it came at the cost of a considerable increase in per-share losses.
View our latest analysis for Delivery Hero
The consensus price target fell 6.4% to €34.10per share, with the analysts clearly concerned by ballooning losses. It could also be instructive to look at the range of analyst estimates, to evaluate how different the outlier opinions are from the mean. There are some variant perceptions on Delivery Hero, with the most bullish analyst valuing it at €52.00 and the most bearish at €21.00 per share. This is a fairly broad spread of estimates, suggesting that analysts are forecasting a wide range of possible outcomes for the business.
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 Delivery Hero’s revenue growth will slow down substantially, with revenues to the end of 2025 expected to display 8.0% growth on an annualised basis. This is compared to a historical growth rate of 30% over the past five years. Compare this to the 16 other companies in this industry with analyst coverage, which are forecast to grow their revenue at 8.5% per year. So it’s pretty clear that, while Delivery Hero’s revenue growth is expected to slow, it’s expected to grow roughly in line with the industry.
The most important thing to take away is that the analysts increased their loss per share estimates for next year. Happily, there were no real changes to revenue forecasts, with the business still expected to grow in line with the overall industry. The consensus price target fell measurably, with the analysts seemingly not reassured by the latest results, leading to a lower estimate of Delivery Hero’s future valuation.