Earnings Update: Nilfisk Holding A/S (CPH:NLFSK) Just Reported Its Third-Quarter Results And Analysts Are Updating Their Forecasts

Nilfisk Holding A/S (CPH:NLFSK) last week reported its latest quarterly results, which makes it a good time for investors to dive in and see if the business is performing in line with expectations. Overall the results were a little better than the analysts were expecting, with revenues beating forecasts by 7.0%to hit €239m. This is an important time for investors, as they can track a company's performance in its report, look at what experts are forecasting for next year, and see if there has been any change to expectations for the business. With this in mind, we've gathered the latest statutory forecasts to see what the analysts are expecting for next year.

Check out our latest analysis for Nilfisk Holding

After the latest results, the three analysts covering Nilfisk Holding are now predicting revenues of €1.01b in 2022. If met, this would reflect a reasonable 5.8% improvement in sales compared to the last 12 months. Per-share earnings are expected to leap 49% to €2.03. In the lead-up to this report, the analysts had been modelling revenues of €999.9m and earnings per share (EPS) of €2.05 in 2022. So it's pretty clear that, although the analysts have updated their estimates, there's been no major change in expectations for the business following the latest results.

There were no changes to revenue or earnings estimates or the price target of kr.285, suggesting that the company has met expectations in its recent result.

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. One thing stands out from these estimates, which is that Nilfisk Holding is forecast to grow faster in the future than it has in the past, with revenues expected to display 4.6% annualised growth until the end of 2022. If achieved, this would be a much better result than the 5.2% annual decline over the past five years. Compare this against analyst estimates for the broader industry, which suggest that (in aggregate) industry revenues are expected to grow 7.8% annually for the foreseeable future. So although Nilfisk Holding's revenue growth is expected to improve, it is still expected to grow slower than the industry.

The Bottom Line

The most important thing to take away is that there's been no major change in sentiment, with the analysts reconfirming that the business is performing in line with their previous earnings per share estimates. On the plus side, there were no major changes to revenue estimates; although forecasts imply revenues will perform worse than the wider industry. The consensus price target held steady at kr.285, with the latest estimates not enough to have an impact on their price targets.

With that said, the long-term trajectory of the company's earnings is a lot more important than next year. We have estimates - from multiple Nilfisk Holding analysts - going out to 2023, 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 Nilfisk Holding that we have uncovered.

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.

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