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

Harvia Oyj (HEL:HARVIA) just released its latest quarterly report and things are not looking great. Results showed a clear earnings miss, with €47m revenue coming in 5.9% lower than what the analystsexpected. Statutory earnings per share (EPS) of €0.23 missed the mark badly, arriving some 43% below what was expected. 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.

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Taking into account the latest results, the most recent consensus for Harvia Oyj from four analysts is for revenues of €195.1m in 2025. If met, it would imply a reasonable 3.1% increase on its revenue over the past 12 months. Per-share earnings are expected to expand 13% to €1.43. Yet prior to the latest earnings, the analysts had been anticipated revenues of €200.3m and earnings per share (EPS) of €1.62 in 2025. The analysts seem less optimistic after the recent results, reducing their revenue forecasts and making a substantial drop in earnings per share numbers.

See our latest analysis for Harvia Oyj

Despite the cuts to forecast earnings, there was no real change to the €44.00 price target, showing that the analysts don't think the changes have a meaningful impact on its intrinsic value. It could also be instructive to look at the range of analyst estimates, to evaluate how different the outlier opinions are from the mean. Currently, the most bullish analyst values Harvia Oyj at €52.00 per share, while the most bearish prices it at €41.00. 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. The period to the end of 2025 brings more of the same, according to the analysts, with revenue forecast to display 6.3% growth on an annualised basis. That is in line with its 7.6% annual growth over the past five years. Compare this with the broader industry, which analyst estimates (in aggregate) suggest will see revenues grow 5.7% annually. So although Harvia Oyj is expected to maintain its revenue growth rate, it's only growing at about the rate of the wider industry.

The Bottom Line

The most important thing to take away is that the analysts downgraded their earnings per share estimates, showing that there has been a clear decline in sentiment following these results. Sadly, they also downgraded their revenue forecasts, but the business is still expected to grow at roughly the same rate as the industry itself. 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 Harvia Oyj analysts - going out to 2027, and you can see them free on our platform here.

It is also worth noting that we have found 1 warning sign for Harvia Oyj that you need to take into consideration.

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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.