Glaston Oyj Abp Beat Analyst Estimates: See What The Consensus Is Forecasting For This Year

Investors in Glaston Oyj Abp (HEL:GLA1V) had a good week, as its shares rose 9.0% to close at €0.80 following the release of its yearly results. It looks like a credible result overall - although revenues of €220m were in line with what the analysts predicted, Glaston Oyj Abp surprised by delivering a statutory profit of €0.06 per share, a notable 14% above expectations. 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. We thought readers would find it interesting to see the analysts latest (statutory) post-earnings forecasts for next year.

Check out our latest analysis for Glaston Oyj Abp

Taking into account the latest results, Glaston Oyj Abp's twin analysts currently expect revenues in 2024 to be €221.6m, approximately in line with the last 12 months. Per-share earnings are expected to leap 34% to €0.08. In the lead-up to this report, the analysts had been modelling revenues of €216.1m and earnings per share (EPS) of €0.071 in 2024. There's been a pretty noticeable increase in sentiment, with the analysts upgrading revenues and making a solid gain to earnings per share in particular.

It will come as no surprise to learn that the analysts have increased their price target for Glaston Oyj Abp 14% to €1.03on the back of these upgrades.

These estimates are interesting, but it can be useful to paint some more broad strokes when seeing how forecasts compare, both to the Glaston Oyj Abp's past performance and to peers in the same industry. It's pretty clear that there is an expectation that Glaston Oyj Abp's revenue growth will slow down substantially, with revenues to the end of 2024 expected to display 0.9% growth on an annualised basis. This is compared to a historical growth rate of 10% over the past five years. By way of comparison, the other companies in this industry with analyst coverage are forecast to grow their revenue at 3.0% per year. Factoring in the forecast slowdown in growth, it seems obvious that Glaston Oyj Abp is also expected to grow slower than other industry participants.

The Bottom Line

The biggest takeaway for us is the consensus earnings per share upgrade, which suggests a clear improvement in sentiment around Glaston Oyj Abp's earnings potential next year. Fortunately, they also upgraded their revenue estimates, although our data indicates it is expected to perform worse than the wider industry. We note an upgrade to the price target, suggesting that the analysts believes the intrinsic value of the business is likely to improve over time.

Keeping that in mind, we still think that the longer term trajectory of the business is much more important for investors to consider. We have analyst estimates for Glaston Oyj Abp going out as far as 2026, and you can see them free on our platform here.

And what about risks? Every company has them, and we've spotted 2 warning signs for Glaston Oyj Abp you should know about.

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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.