Analysts Have Made A Financial Statement On Koskisen Oyj's (HEL:KOSKI) Second-Quarter Report

It's been a good week for Koskisen Oyj (HEL:KOSKI) shareholders, because the company has just released its latest quarterly results, and the shares gained 4.5% to €7.50. Koskisen Oyj beat revenue expectations by 3.6%, at €78m. Statutory earnings per share (EPS) came in at €0.21, some 2.3% short of analyst estimates. 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.

Check out our latest analysis for Koskisen Oyj

After the latest results, the twin analysts covering Koskisen Oyj are now predicting revenues of €296.0m in 2024. If met, this would reflect a solid 11% improvement in revenue compared to the last 12 months. Per-share earnings are expected to leap 66% to €0.64. Before this earnings report, the analysts had been forecasting revenues of €296.2m and earnings per share (EPS) of €0.62 in 2024. So the consensus seems to have become somewhat more optimistic on Koskisen Oyj's earnings potential following these results.

There's been no major changes to the consensus price target of €7.00, suggesting that the improved earnings per share outlook is not enough to have a long-term positive impact on the stock's valuation.

These estimates are interesting, but it can be useful to paint some more broad strokes when seeing how forecasts compare, both to the Koskisen Oyj's past performance and to peers in the same industry. For example, we noticed that Koskisen Oyj's rate of growth is expected to accelerate meaningfully, with revenues forecast to exhibit 23% growth to the end of 2024 on an annualised basis. That is well above its historical decline of 8.7% a year over the past year. By contrast, our data suggests that other companies (with analyst coverage) in the industry are forecast to see their revenue grow 4.5% per year. So it looks like Koskisen Oyj is expected to grow faster than its competitors, at least for a while.

The Bottom Line

The most important thing here is that the analysts upgraded their earnings per share estimates, suggesting that there has been a clear increase in optimism towards Koskisen Oyj following these results. Happily, there were no major changes to revenue forecasts, with the business still expected to grow faster than the wider 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.

Following on from that line of thought, we think that the long-term prospects of the business are much more relevant than next year's earnings. We have analyst estimates for Koskisen Oyj going out as far as 2026, and you can see them free on our platform here.

Before you take the next step you should know about the 2 warning signs for Koskisen 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.