Earnings Miss: Titanium Oyj Missed EPS By 7.0% And Analysts Are Revising Their Forecasts

Titanium Oyj (HEL:TITAN) just released its latest half-yearly report and things are not looking great. Titanium Oyj missed analyst forecasts, with revenues of €12m and statutory earnings per share (EPS) of €0.40, falling short by 5.5% and 7.0% respectively. Following the result, the analyst has 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 gathered the latest post-earnings forecasts to see what estimate suggests is in store for next year.

See our latest analysis for Titanium Oyj

After the latest results, the consensus from Titanium Oyj's solitary analyst is for revenues of €22.6m in 2024, which would reflect a perceptible 5.8% decline in revenue compared to the last year of performance. Before this earnings report, the analyst had been forecasting revenues of €25.0m and earnings per share (EPS) of €0.88 in 2024. So we can see that while the consensus made a minor downgrade to revenue estimates, it no longer provides an earnings per share estimate. This suggests that the market is now more focused on revenue after the latest result.

The average price target fell 8.3% to €11.00, withthe analyst clearly having become less optimistic about Titanium Oyj'sprospects following its latest earnings.

Looking at the bigger picture now, one of the ways we can make sense of these forecasts is to see how they measure up against both past performance and industry growth estimates. These estimates imply that revenue is expected to slow, with a forecast annualised decline of 11% by the end of 2024. This indicates a significant reduction from annual growth of 8.9% over the last five years. By contrast, our data suggests that other companies (with analyst coverage) in the same industry are forecast to see their revenue grow 4.7% annually for the foreseeable future. It's pretty clear that Titanium Oyj's revenues are expected to perform substantially worse than the wider industry.

The Bottom Line

The clear low-light was that the analyst cut their forecast revenue estimates for Titanium Oyj next year. Unfortunately, they also downgraded their revenue estimates, and our data indicates it is expected to perform worse than the wider industry. The consensus price target fell measurably, with the analyst seemingly not reassured by the latest results, leading to a lower estimate of Titanium Oyj's future valuation.

One Titanium Oyj broker/analyst has provided estimates out to 2026, which can be seen for free on our platform here.

Before you take the next step you should know about the 1 warning sign for Titanium 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.