AS Tallinna Sadam (TAL:TSM1T) Just Reported, And Analysts Assigned A €1.15 Price Target

As you might know, AS Tallinna Sadam (TAL:TSM1T) recently reported its quarterly numbers. Results overall were respectable, with statutory earnings of €0.02 per share roughly in line with what the analysts had forecast. Revenues of €32m came in 4.1% ahead of analyst predictions. 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. Readers will be glad to know we've aggregated the latest statutory forecasts to see whether the analysts have changed their mind on AS Tallinna Sadam after the latest results.

View our latest analysis for AS Tallinna Sadam

Following last week's earnings report, AS Tallinna Sadam's dual analysts are forecasting 2024 revenues to be €121.2m, approximately in line with the last 12 months. Per-share earnings are expected to increase 7.3% to €0.074. Yet prior to the latest earnings, the analysts had been anticipated revenues of €120.2m and earnings per share (EPS) of €0.076 in 2024. So it looks like there's been a small decline in overall sentiment after the recent results - there's been no major change to revenue estimates, but the analysts did make a minor downgrade to their earnings per share forecasts.

The average price target fell 23% to €1.15, with reduced earnings forecasts clearly tied to a lower valuation estimate.

Of course, another way to look at these forecasts is to place them into context against the industry itself. One thing stands out from these estimates, which is that AS Tallinna Sadam is forecast to grow faster in the future than it has in the past, with revenues expected to display 3.7% annualised growth until the end of 2024. If achieved, this would be a much better result than the 1.0% annual decline over the past five years. By contrast, our data suggests that other companies (with analyst coverage) in a similar industry are forecast to see their revenue grow 4.0% per year. So while AS Tallinna Sadam's revenues are expected to improve, it seems that it is expected to grow at about the same rate as the overall industry.

The Bottom Line

The biggest concern is that the analysts reduced their earnings per share estimates, suggesting business headwinds could lay ahead for AS Tallinna Sadam. Happily, there were no real changes to revenue forecasts, with the business still expected to grow in line with the overall industry. The consensus price target fell measurably, with the analysts seemingly not reassured by the latest results, leading to a lower estimate of AS Tallinna Sadam's future valuation.

With that said, the long-term trajectory of the company's earnings is a lot more important than next year. We have analyst estimates for AS Tallinna Sadam going out as far as 2026, and you can see them free on our platform here.

We don't want to rain on the parade too much, but we did also find 2 warning signs for AS Tallinna Sadam (1 doesn't sit too well with us!) that you need to be mindful of.

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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.