The Marimekko Oyj (HEL:MEKKO) Third-Quarter Results Are Out And Analysts Have Published New Forecasts

Last week, you might have seen that Marimekko Oyj (HEL:MEKKO) released its third-quarter result to the market. The early response was not positive, with shares down 4.7% to €12.66 in the past week. Results were roughly in line with estimates, with revenues of €51m and statutory earnings per share of €0.24. Earnings are an important time for investors, as they can track a company's performance, look at what the analysts are forecasting for next year, and see if there's been a change in sentiment towards the company. Readers will be glad to know we've aggregated the latest statutory forecasts to see whether the analysts have changed their mind on Marimekko Oyj after the latest results.

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Taking into account the latest results, the most recent consensus for Marimekko Oyj from five analysts is for revenues of €204.8m in 2026. If met, it would imply a solid 8.5% increase on its revenue over the past 12 months. Statutory earnings per share are predicted to step up 18% to €0.71. Yet prior to the latest earnings, the analysts had been anticipated revenues of €206.9m and earnings per share (EPS) of €0.73 in 2026. The analysts seem to have become a little more negative on the business after the latest results, given the minor downgrade to their earnings per share numbers for next year.

View our latest analysis for Marimekko Oyj

The consensus price target held steady at €14.22, with the analysts seemingly voting that their lower forecast earnings are not expected to lead to a lower stock price in the foreseeable future. Fixating on a single price target can be unwise though, since the consensus target is effectively the average of analyst price targets. As a result, some investors like to look at the range of estimates to see if there are any diverging opinions on the company's valuation. Currently, the most bullish analyst values Marimekko Oyj at €16.00 per share, while the most bearish prices it at €13.00. This is a very narrow spread of estimates, implying either that Marimekko Oyj is an easy company to value, or - more likely - the analysts are relying heavily on some key assumptions.

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 2026 brings more of the same, according to the analysts, with revenue forecast to display 6.7% growth on an annualised basis. That is in line with its 7.9% annual growth over the past five years. Juxtapose this against our data, which suggests that other companies (with analyst coverage) in the industry are forecast to see their revenues grow 5.7% per year. It's clear that while Marimekko Oyj's revenue growth is expected to continue on its current trajectory, it's only expected to grow in line with the industry itself.

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. Happily, there were no real changes to revenue forecasts, with the business still expected to grow in line with the overall 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. We have estimates - from multiple Marimekko Oyj analysts - going out to 2027, and you can see them free on our platform here.

We also provide an overview of the Marimekko Oyj Board and CEO remuneration and length of tenure at the company, and whether insiders have been buying the stock, here.

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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.