Shareholders of Koninklijke Ahold Delhaize N.V. (AMS:AD) will be pleased this week, given that the stock price is up 14% to €39.82 following its latest yearly results. The result was positive overall – although revenues of €92b were in line with what the analysts predicted, Koninklijke Ahold Delhaize surprised by delivering a statutory profit of €2.50 per share, modestly greater than expected. Following the result, the analysts have updated their earnings model, and it would be good to know whether they think there’s been a strong change in the company’s prospects, or if it’s business as usual. So we gathered the latest post-earnings forecasts to see what estimates suggest is in store for next year.
Taking into account the latest results, Koninklijke Ahold Delhaize’s 14 analysts currently expect revenues in 2026 to be €93.3b, approximately in line with the last 12 months. Per-share earnings are expected to rise 6.3% to €2.71. Before this earnings report, the analysts had been forecasting revenues of €93.1b and earnings per share (EPS) of €2.63 in 2026. The analysts seems to have become more bullish on the business, judging by their new earnings per share estimates.
View our latest analysis for Koninklijke Ahold Delhaize
There’s been no major changes to the consensus price target of €38.73, suggesting that the improved earnings per share outlook is not enough to have a long-term positive impact on the stock’s valuation. Fixating on a single price target can be unwise though, since the consensus target is effectively the average of analyst price targets. As a result, some investors like to look at the range of estimates to see if there are any diverging opinions on the company’s valuation. There are some variant perceptions on Koninklijke Ahold Delhaize, with the most bullish analyst valuing it at €45.00 and the most bearish at €24.44 per share. As you can see, analysts are not all in agreement on the stock’s future, but the range of estimates is still reasonably narrow, which could suggest that the outcome is not totally unpredictable.
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. It’s pretty clear that there is an expectation that Koninklijke Ahold Delhaize’s revenue growth will slow down substantially, with revenues to the end of 2026 expected to display 1.0% growth on an annualised basis. This is compared to a historical growth rate of 4.8% over the past five years. By way of comparison, the other companies in this industry with analyst coverage are forecast to grow their revenue at 4.0% per year. So it’s pretty clear that, while revenue growth is expected to slow down, the wider industry is also expected to grow faster than Koninklijke Ahold Delhaize.