Harvia Oyj Just Beat EPS By 6.4%: Here's What Analysts Think Will Happen Next

Shareholders will be ecstatic, with their stake up 20% over the past week following Harvia Oyj's (HEL:HARVIA) latest yearly results. Harvia Oyj reported €151m in revenue, roughly in line with analyst forecasts, although statutory earnings per share (EPS) of €1.24 beat expectations, being 6.4% higher than what the analysts expected. 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 thought readers would find it interesting to see the analysts latest (statutory) post-earnings forecasts for next year.

See our latest analysis for Harvia Oyj

After the latest results, the two analysts covering Harvia Oyj are now predicting revenues of €163.5m in 2024. If met, this would reflect a modest 8.0% improvement in revenue compared to the last 12 months. Per-share earnings are expected to grow 13% to €1.41. In the lead-up to this report, the analysts had been modelling revenues of €160.7m and earnings per share (EPS) of €1.39 in 2024. 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.

The consensus price target rose 16% to €32.00despite there being no meaningful change to earnings estimates. It could be that the analystsare reflecting the predictability of Harvia Oyj's earnings by assigning a price premium.

These estimates are interesting, but it can be useful to paint some more broad strokes when seeing how forecasts compare, both to the Harvia Oyj's past performance and to peers in the same industry. We would highlight that Harvia Oyj's revenue growth is expected to slow, with the forecast 8.0% annualised growth rate until the end of 2024 being well below the historical 20% p.a. growth over the last five years. Compare this to the 34 other companies in this industry with analyst coverage, which are forecast to grow their revenue at 7.5% per year. So it's pretty clear that, while Harvia Oyj's revenue growth is expected to slow, it's expected to grow roughly in line with the 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. They also reconfirmed their revenue estimates, with the company predicted to grow at about the same rate as the wider industry. There was also a nice increase in the price target, with the analysts clearly feeling that the intrinsic value of the business is improving.

With that said, the long-term trajectory of the company's earnings is a lot more important than next year. At least one analyst has provided forecasts out to 2026, which can be seen for free on our platform here.

Even so, be aware that Harvia Oyj is showing 1 warning sign in our investment analysis , 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.