BOUYYBouygues S.A.
The schedule
- Thu15Oct
As European member states finalize their 2027 infrastructure spending under revised fiscal rules, Bouygues' order book relies heavily on public tender volumes. Evaluating from a bearish $9.30 entry, an expansionary policy outcome provides a path to a $10.30 target, capitalizing on the deeply discounted 4.68x EV/EBITDA valuation, while austerity measures represent the $8.50 fallback.
- Thu12Nov
Q3 traditionally marks the high-water mark for Bouygues' construction profitability, and this 9M 2026 earnings release will also provide a critical update on Telecom's 5G ARPU growth. Progressing from $10.30, the $11.30 target models robust mobile subscriber additions and steady media ad revenues, while a $9.50 fallback accounts for intensified pricing wars in French telecom.
- Thu25Feb
Reporting full-year 2026 results, Bouygues will define its 2027 operational roadmap and crucial dividend policy. Anchored at $11.30, deep-value buyers could drive shares to the $12.50 target if cash flows support the dividend and Equans synergies are realized, while a $10.40 fallback materializes if the payout ratio is forcibly reduced.
Past
- Thu27Aug
Bouygues' H1 2026 earnings print will be pivotal given recent top-line struggles (-3.17% YoY revenue growth) and severe net income contraction (-39.7%). Anchored at $10.10, the $11.00 target requires stabilized second-half margin guidance for Equans and Telecom, whereas a $9.30 fallback prices in further deterioration in the core civil works division.
- Fri24Jul
With shares deeply oversold (RSI 32.9) and resting near the 200-day SMA of $10.74, Bouygues faces a crucial macro test regarding its ability to pass on persistent construction material inflation. Starting from $10.82, we see downside risk to a $10.10 fallback if contract indexation lags at Colas, while an $11.60 target reflects successful margin preservation.
- Tue30Jun
Actual outcome: Bear · $10.76 at outcome
Bouygues reported H1 2026 EPS of $0.24, exactly meeting analyst estimates. However, with the stock trading near its 52-week high heading into the print, merely meeting expectations was insufficient to sustain its elevated valuation. Concerns over underlying metrics such as construction margins and the consolidated order book likely weighed on sentiment, driving the stock below its bear floor.
H1 2026 earnings will be the first look at Bouygues’ 2026 execution, including construction margins, Bouygues Telecom growth, and the consolidated order book, with the stock trading near its $12.30 52-week high and expectations elevated.
