One thing we could say about the analysts on Amadeus IT Group, S.A. (BME:AMS) – they aren’t optimistic, having just made a major negative revision to their near-term (statutory) forecasts for the organization. Revenue and earnings per share (EPS) forecasts were both revised downwards, with the analysts seeing grey clouds on the horizon.

Following the downgrade, the consensus from 22 analysts covering Amadeus IT Group is for revenues of €3.2b in 2020, implying a concerning 38% decline in sales compared to the last 12 months. Statutory earnings per share are supposed to plunge 87% to €0.28 in the same period. Previously, the analysts had been modelling revenues of €3.8b and earnings per share (EPS) of €0.87 in 2020. Indeed, we can see that the analysts are