As you might know, SMA Solar Technology AG (ETR:S92) recently reported its quarterly numbers. Revenues fell 2.0% short of expectations, at €341m. Earnings correspondingly dipped, with SMA Solar Technology reporting a statutory loss of €0.05 per share, whereas the analysts had previously modelled a profit in this period. 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. With this in mind, we’ve gathered the latest statutory forecasts to see what the analysts are expecting for next year.

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XTRA:S92 Earnings and Revenue Growth May 16th 2026

Taking into account the latest results, the consensus forecast from SMA Solar Technology’s five analysts is for revenues of €1.62b in 2026. This reflects a satisfactory 5.7% improvement in revenue compared to the last 12 months. SMA Solar Technology is also expected to turn profitable, with statutory earnings of €2.08 per share. In the lead-up to this report, the analysts had been modelling revenues of €1.58b and earnings per share (EPS) of €1.89 in 2026. So there seems to have been a moderate uplift in sentiment following the latest results, given the upgrades to both revenue and earnings per share forecasts for next year.

See our latest analysis for SMA Solar Technology

With these upgrades, we’re not surprised to see that the analysts have lifted their price target 15% to €51.80per share. 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. Currently, the most bullish analyst values SMA Solar Technology at €71.00 per share, while the most bearish prices it at €43.00. 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 SMA Solar Technology shareholders.

Looking at the bigger picture now, one of the ways we can make sense of these forecasts is to see how they measure up against both past performance and industry growth estimates. It’s pretty clear that there is an expectation that SMA Solar Technology’s revenue growth will slow down substantially, with revenues to the end of 2026 expected to display 7.6% growth on an annualised basis. This is compared to a historical growth rate of 12% over the past five years. Compare this against other companies (with analyst forecasts) in the industry, which are in aggregate expected to see revenue growth of 12% annually. So it’s pretty clear that, while revenue growth is expected to slow down, the wider industry is also expected to grow faster than SMA Solar Technology.

The Bottom Line

The biggest takeaway for us is the consensus earnings per share upgrade, which suggests a clear improvement in sentiment around SMA Solar Technology’s earnings potential next year. Fortunately, they also upgraded their revenue estimates, although our data indicates it is expected to perform worse than the wider industry. There was also a nice increase in the price target, with the analysts clearly feeling that the intrinsic value of the business is improving.

With that in mind, we wouldn’t be too quick to come to a conclusion on SMA Solar Technology. Long-term earnings power is much more important than next year’s profits. We have forecasts for SMA Solar Technology going out to 2028, and you can see them free on our platform here.

Before you take the next step you should know about the 1 warning sign for SMA Solar Technology that we have uncovered.

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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.