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One thing we could say about the analysts on Wallbox N.V. (NYSE:WBX) - they aren't optimistic, having just made a major negative revision to their near-term (statutory) forecasts for the organization. There was a fairly draconian cut to their revenue estimates, perhaps an implicit admission that previous forecasts were much too optimistic.
After this downgrade, Wallbox's four analysts are now forecasting revenues of €197m in 2025. This would be a meaningful 17% improvement in sales compared to the last 12 months. Losses are predicted to fall substantially, shrinking 58% to €0.16 per share. Yet prior to the latest estimates, the analysts had been forecasting revenues of €298m and losses of €0.15 per share in 2025. Ergo, there's been a clear change in sentiment, with the analysts administering a notable cut to next year's revenue estimates, while at the same time increasing their loss per share forecasts.
View our latest analysis for Wallbox
The consensus price target fell 25% to US$1.65, implicitly signalling that lower earnings per share are a leading indicator for Wallbox's valuation.
These estimates are interesting, but it can be useful to paint some more broad strokes when seeing how forecasts compare, both to the Wallbox's past performance and to peers in the same industry. It's pretty clear that there is an expectation that Wallbox's revenue growth will slow down substantially, with revenues to the end of 2025 expected to display 14% growth on an annualised basis. This is compared to a historical growth rate of 33% over the past three years. By way of comparison, the other companies in this industry with analyst coverage are forecast to grow their revenue at 8.6% annually. So it's pretty clear that, while Wallbox's revenue growth is expected to slow, it's still expected to grow faster than the industry itself.
The Bottom Line
The most important thing to take away is that analysts increased their loss per share estimates for next year. While analysts did downgrade their revenue estimates, these forecasts still imply revenues will perform better than the wider market. Furthermore, there was a cut to the price target, suggesting that the latest news has led to more pessimism about the intrinsic value of the business. Often, one downgrade can set off a daisy-chain of cuts, especially if an industry is in decline. So we wouldn't be surprised if the market became a lot more cautious on Wallbox after today.
Even so, the longer term trajectory of the business is much more important for the value creation of shareholders. At Simply Wall St, we have a full range of analyst estimates for Wallbox going out to 2026, and you can see them free on our platform here.