Here's What Analysts Are Forecasting For Enersense International Oyj (HEL:ESENSE) After Its Full-Year Results

The full-year results for Enersense International Oyj (HEL:ESENSE) were released last week, making it a good time to revisit its performance. The results don't look great, especially considering that statutory losses grew 120% to€0.54 per share. Revenues of €365m did beat expectations by 3.6%, but it looks like a bit of a cold comfort. Following the result, the analysts have updated their earnings model, and it would be good to know whether they think there's been a strong change in the company's prospects, or if it's business as usual. So we collected the latest post-earnings statutory consensus estimates to see what could be in store for next year.

Check out our latest analysis for Enersense International Oyj

After the latest results, the three analysts covering Enersense International Oyj are now predicting revenues of €386.0m in 2024. If met, this would reflect an okay 5.7% improvement in revenue compared to the last 12 months. Statutory losses are forecast to balloon 84% to €0.088 per share. In the lead-up to this report, the analysts had been modelling revenues of €372.5m and earnings per share (EPS) of €0.17 in 2024. While they've upgraded their revenue numbers for next year, the consensus also expects losses to increase, perhaps due to the investments required to fund that growth In any event, it's not clear that these new estimates are particularly bullish.

There was no major change to the consensus price target of €4.70, with growing revenues seemingly enough to offset the concern of growing losses. The consensus price target is just an average of individual analyst targets, so - it could be handy to see how wide the range of underlying estimates is. There are some variant perceptions on Enersense International Oyj, with the most bullish analyst valuing it at €5.00 and the most bearish at €4.40 per share. With such a narrow range of valuations, the analysts apparently share similar views on what they think the business is worth.

Taking a look at the bigger picture now, one of the ways we can understand these forecasts is to see how they compare to both past performance and industry growth estimates. It's pretty clear that there is an expectation that Enersense International Oyj's revenue growth will slow down substantially, with revenues to the end of 2024 expected to display 5.7% growth on an annualised basis. This is compared to a historical growth rate of 38% over the past five years. Juxtapose this against the other companies in the industry with analyst coverage, which are forecast to grow their revenues (in aggregate) 3.2% per year. So it's pretty clear that, while Enersense International Oyj's revenue growth is expected to slow, it's still expected to grow faster than the industry itself.

The Bottom Line

The biggest low-light for us was that the forecasts for Enersense International Oyj dropped from profits to a loss next year. Happily, they also upgraded their revenue estimates, and are forecasting them to grow faster 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.

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 estimates - from multiple Enersense International Oyj analysts - going out to 2026, and you can see them free on our platform here.

Before you take the next step you should know about the 2 warning signs for Enersense International Oyj that we have uncovered.

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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.