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The DuPont De Nemours, Inc. (NYSE:DD) Third-Quarter Results Are Out And Analysts Have Published New Forecasts

デュポン・デ・ヌムール社(nyse:DD)の第三四半期の結果が発表され、アナリストたちが新しい予測を公表しました

Simply Wall St ·  11/08 07:42

Investors in DuPont de Nemours, Inc. (NYSE:DD) had a good week, as its shares rose 4.3% to close at US$86.59 following the release of its quarterly results. It was a credible result overall, with revenues of US$3.2b and statutory earnings per share of US$1.09 both in line with analyst estimates, showing that DuPont de Nemours is executing in line with expectations. The analysts typically update their forecasts at each earnings report, and we can judge from their estimates whether their view of the company has changed or if there are any new concerns to be aware of. Readers will be glad to know we've aggregated the latest statutory forecasts to see whether the analysts have changed their mind on DuPont de Nemours after the latest results.

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NYSE:DD Earnings and Revenue Growth November 8th 2024

Taking into account the latest results, the current consensus from DuPont de Nemours' 16 analysts is for revenues of US$13.1b in 2025. This would reflect an okay 7.1% increase on its revenue over the past 12 months. Per-share earnings are expected to soar 162% to US$3.19. Before this earnings report, the analysts had been forecasting revenues of US$13.1b and earnings per share (EPS) of US$3.18 in 2025. So it's pretty clear that, although the analysts have updated their estimates, there's been no major change in expectations for the business following the latest results.

The analysts reconfirmed their price target of US$95.31, showing that the business is executing well and in line with expectations. The consensus price target is just an average of individual analyst targets, so - it could be handy to see how wide the range of underlying estimates is. There are some variant perceptions on DuPont de Nemours, with the most bullish analyst valuing it at US$106 and the most bearish at US$52.00 per share. Analysts definitely have varying views on the business, but the spread of estimates is not wide enough in our view to suggest that extreme outcomes could await DuPont de Nemours shareholders.

Taking a look at the bigger picture now, one of the ways we can understand these forecasts is to see how they compare to both past performance and industry growth estimates. One thing stands out from these estimates, which is that DuPont de Nemours is forecast to grow faster in the future than it has in the past, with revenues expected to display 5.6% annualised growth until the end of 2025. If achieved, this would be a much better result than the 9.2% annual decline over the past five years. By contrast, our data suggests that other companies (with analyst coverage) in a similar industry are forecast to see their revenue grow 4.6% per year. So it looks like DuPont de Nemours is expected to grow at about the same rate as the wider industry.

The Bottom Line

The most important thing to take away is that there's been no major change in sentiment, with the analysts reconfirming that the business is performing in line with their previous earnings per share estimates. They also reconfirmed their revenue estimates, with the company predicted to grow at about the same rate as the wider industry. The consensus price target held steady at US$95.31, with the latest estimates not enough to have an impact on their price targets.

Following on from that line of thought, we think that the long-term prospects of the business are much more relevant than next year's earnings. We have forecasts for DuPont de Nemours going out to 2026, and you can see them free on our platform here.

Don't forget that there may still be risks. For instance, we've identified 3 warning signs for DuPont de Nemours that you should be aware of.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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