NTG Nordic Transport Group A/S Earnings Missed Analyst Estimates: Here's What Analysts Are Forecasting Now

It's been a good week for NTG Nordic Transport Group A/S (CPH:NTG) shareholders, because the company has just released its latest quarterly results, and the shares gained 2.3% to kr.284. Statutory earnings per share of kr.3.21 unfortunately missed expectations by 10%, although it was encouraging to see revenues of kr.2.2b exceed expectations by 5.4%. 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. So we gathered the latest post-earnings forecasts to see what estimates suggest is in store for next year.

View our latest analysis for NTG Nordic Transport Group

Taking into account the latest results, the current consensus from NTG Nordic Transport Group's five analysts is for revenues of kr.8.47b in 2024. This would reflect a credible 2.8% increase on its revenue over the past 12 months. Statutory per-share earnings are expected to be kr.16.52, roughly flat on the last 12 months. In the lead-up to this report, the analysts had been modelling revenues of kr.8.16b and earnings per share (EPS) of kr.16.75 in 2024. There doesn't appear to have been a major change in sentiment following the results, other than the modest lift to revenue estimates.

It may not be a surprise to see thatthe analysts have reconfirmed their price target of kr.362, implying that the uplift in revenue is not expected to greatly contribute to NTG Nordic Transport Group's valuation in the near term. 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. There are some variant perceptions on NTG Nordic Transport Group, with the most bullish analyst valuing it at kr.380 and the most bearish at kr.333 per share. Still, with such a tight range of estimates, it suggeststhe analysts have a pretty good idea of what they think the company is worth.

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. We would highlight that NTG Nordic Transport Group's revenue growth is expected to slow, with the forecast 3.7% annualised growth rate until the end of 2024 being well below the historical 16% p.a. growth over the last five years. Compare this to the 35 other companies in this industry with analyst coverage, which are forecast to grow their revenue at 4.2% per year. Factoring in the forecast slowdown in growth, it looks like NTG Nordic Transport Group is forecast to grow at about the same rate as the wider industry.

The Bottom Line

The most obvious conclusion is that there's been no major change in the business' prospects in recent times, with the analysts holding their earnings forecasts steady, in line with previous estimates. There was also an upgrade to revenue estimates, although as we saw earlier, forecast growth is only expected to be about the same as the wider industry. There was no real change to the consensus price target, suggesting that the intrinsic value of the business has not undergone any major changes with the latest estimates.

Keeping that in mind, we still think that the longer term trajectory of the business is much more important for investors to consider. At Simply Wall St, we have a full range of analyst estimates for NTG Nordic Transport Group going out to 2026, and you can see them free on our platform here..

It might also be worth considering whether NTG Nordic Transport Group's debt load is appropriate, using our debt analysis tools on the Simply Wall St platform, here.

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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.