KONE Oyj Just Missed Earnings - But Analysts Have Updated Their Models

It's been a good week for KONE Oyj (HEL:KNEBV) shareholders, because the company has just released its latest third-quarter results, and the shares gained 4.3% to €58.86. It was not a great result overall. While revenues of €2.8b were in line with analyst predictions, earnings were less than expected, missing statutory estimates by 14% to hit €0.43 per share. 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. We've gathered the most recent statutory forecasts to see whether the analysts have changed their earnings models, following these results.

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Taking into account the latest results, the current consensus from KONE Oyj's 16 analysts is for revenues of €11.7b in 2026. This would reflect an okay 4.3% increase on its revenue over the past 12 months. Per-share earnings are expected to leap 22% to €2.24. Yet prior to the latest earnings, the analysts had been anticipated revenues of €11.7b and earnings per share (EPS) of €2.24 in 2026. 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.

Check out our latest analysis for KONE Oyj

It will come as no surprise then, to learn that the consensus price target is largely unchanged at €56.06. That's not the only conclusion we can draw from this data however, as some investors also like to consider the spread in estimates when evaluating analyst price targets. There are some variant perceptions on KONE Oyj, with the most bullish analyst valuing it at €67.00 and the most bearish at €40.00 per share. This shows there is still a bit of diversity in estimates, but analysts don't appear to be totally split on the stock as though it might be a success or failure situation.

Looking at the bigger picture now, one of the ways we can make sense of these forecasts is to see how they measure up against both past performance and industry growth estimates. It's clear from the latest estimates that KONE Oyj's rate of growth is expected to accelerate meaningfully, with the forecast 3.4% annualised revenue growth to the end of 2026 noticeably faster than its historical growth of 2.3% p.a. over the past five years. By contrast, our data suggests that other companies (with analyst coverage) in a similar industry are forecast to grow their revenue at 4.9% per year. So it's clear that despite the acceleration in growth, KONE Oyj is expected to grow meaningfully slower than the industry average.

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. Fortunately, the analysts also reconfirmed their revenue estimates, suggesting that it's tracking in line with expectations. Although our data does suggest that KONE Oyj's revenue is expected to perform worse than 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.

With that said, the long-term trajectory of the company's earnings is a lot more important than next year. At Simply Wall St, we have a full range of analyst estimates for KONE Oyj going out to 2027, and you can see them free on our platform here..

And what about risks? Every company has them, and we've spotted 1 warning sign for KONE Oyj 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.