Revenue Beat: Harvia Oyj Exceeded Revenue Forecasts By 12% And Analysts Are Updating Their Estimates

Harvia Oyj (HEL:HARVIA) defied analyst predictions to release its quarterly results, which were ahead of market expectations. It was a positive result, with revenues and statutory earnings per share (EPS) both performing well. Revenues were 12% higher than the analysts had forecast, at €46m, while EPS of €0.32 beat analyst models by 2.1%. 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. Readers will be glad to know we've aggregated the latest statutory forecasts to see whether the analysts have changed their mind on Harvia Oyj after the latest results.

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Taking into account the latest results, the most recent consensus for Harvia Oyj from three analysts is for revenues of €218.0m in 2026. If met, it would imply a notable 11% increase on its revenue over the past 12 months. Per-share earnings are expected to soar 35% to €1.76. Before this earnings report, the analysts had been forecasting revenues of €213.3m and earnings per share (EPS) of €1.72 in 2026. So it looks like there's been no major change in sentiment following the latest results, although the analysts have made a small lift in to revenue forecasts.

See our latest analysis for Harvia Oyj

It may not be a surprise to see thatthe analysts have reconfirmed their price target of €42.67, implying that the uplift in revenue is not expected to greatly contribute to Harvia Oyj's valuation in the near term. There's another way to think about price targets though, and that's to look at the range of price targets put forward by analysts, because a wide range of estimates could suggest a diverse view on possible outcomes for the business. The most optimistic Harvia Oyj analyst has a price target of €45.00 per share, while the most pessimistic values it at €40.00. The narrow spread of estimates could suggest that the business' future is relatively easy to value, or thatthe analysts have a strong view on its prospects.

Another way we can view these estimates is in the context of the bigger picture, such as how the forecasts stack up against past performance, and whether forecasts are more or less bullish relative to other companies in the industry. It's clear from the latest estimates that Harvia Oyj's rate of growth is expected to accelerate meaningfully, with the forecast 8.6% annualised revenue growth to the end of 2026 noticeably faster than its historical growth of 6.1% 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 5.3% per year. Factoring in the forecast acceleration in revenue, it's pretty clear that Harvia Oyj is expected to grow much faster than its 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. Happily, they also upgraded their revenue estimates, and are forecasting them to grow faster than the wider industry. The consensus price target held steady at €42.67, with the latest estimates not enough to have an impact on their price targets.

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 Harvia Oyj going out to 2027, and you can see them free on our platform here..

However, before you get too enthused, we've discovered 2 warning signs for Harvia Oyj that you should be aware of.

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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.