Shareholders might have noticed that Montana Aerospace AG (VTX:AERO) filed its quarterly result this time last week. The early response was not positive, with shares down 3.3% to CHF15.10 in the past week. The result was fairly weak overall, with revenues of €367m being 3.5% less than what the analysts had been modelling. 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. We've gathered the most recent statutory forecasts to see whether the analysts have changed their earnings models, following these results.

See our latest analysis for Montana Aerospace

Taking into account the latest results, the consensus forecast from Montana Aerospace's five analysts is for revenues of €1.65b in 2025. This reflects an okay 3.1% improvement in revenue compared to the last 12 months. Montana Aerospace is also expected to turn profitable, with statutory earnings of €1.20 per share. Yet prior to the latest earnings, the analysts had been anticipated revenues of €1.71b and earnings per share (EPS) of €1.42 in 2025. The analysts seem less optimistic after the recent results, reducing their revenue forecasts and making a substantial drop in earnings per share numbers.

Despite the cuts to forecast earnings, there was no real change to the CHF22.32 price target, showing that the analysts don't think the changes have a meaningful impact on its intrinsic value. There's another way to think about price targets though, and that's to look at the range of price targets put forward by analysts, because a wide range of estimates could suggest a diverse view on possible outcomes for the business. Currently, the most bullish analyst values Montana Aerospace at CHF27.90 per share, while the most bearish prices it at CHF17.94. 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.

One way to get more context on these forecasts is to look at how they compare to both past performance, and how other companies in the same industry are performing. It's pretty clear that there is an expectation that Montana Aerospace's revenue growth will slow down substantially, with revenues to the end of 2025 expected to display 2.5% growth on an annualised basis. This is compared to a historical growth rate of 21% 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 11% per year. Factoring in the forecast slowdown in growth, it seems obvious that Montana Aerospace is also expected to grow slower than other industry participants.