Analyst Estimates: Here's What Brokers Think Of Kamux Oyj (HEL:KAMUX) After Its Second-Quarter Report

It's been a good week for Kamux Oyj (HEL:KAMUX) shareholders, because the company has just released its latest quarterly results, and the shares gained 8.9% to €2.17. It was a curious result overall, with revenues coming in 13% below what the analysts had expected, at €206m. The company broke even in terms of statutory earnings per share (EPS). 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. We've gathered the most recent statutory forecasts to see whether the analysts have changed their earnings models, following these results.

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After the latest results, the consensus from Kamux Oyj's four analysts is for revenues of €913.8m in 2025, which would reflect a noticeable 4.3% decline in revenue compared to the last year of performance. Earnings are expected to improve, with Kamux Oyj forecast to report a statutory profit of €0.12 per share. In the lead-up to this report, the analysts had been modelling revenues of €989.1m and earnings per share (EPS) of €0.07 in 2025. Although the analysts have lowered their revenue forecasts, they've also made a massive increase in their earnings per share estimates, which implies there's been something of an uptick in sentiment following the latest results.

View our latest analysis for Kamux Oyj

There's been no real change to the average price target of €2.34, with the lower revenue and higher earnings forecasts not expected to meaningfully impact the company's valuation over a longer timeframe. 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. Currently, the most bullish analyst values Kamux Oyj at €2.80 per share, while the most bearish prices it at €2.00. As you can see, analysts are not all in agreement on the stock's future, but the range of estimates is still reasonably narrow, which could suggest that the outcome is not totally unpredictable.

These estimates are interesting, but it can be useful to paint some more broad strokes when seeing how forecasts compare, both to the Kamux Oyj's past performance and to peers in the same industry. We would highlight that revenue is expected to reverse, with a forecast 8.4% annualised decline to the end of 2025. That is a notable change from historical growth of 6.4% over the last five years. Compare this with our data, which suggests that other companies in the same industry are, in aggregate, expected to see their revenue grow 5.5% per year. It's pretty clear that Kamux Oyj's revenues are expected to perform substantially worse than the wider industry.

The Bottom Line

The biggest takeaway for us is the consensus earnings per share upgrade, which suggests a clear improvement in sentiment around Kamux Oyj's earnings potential next year. Unfortunately, they also downgraded their revenue estimates, and our data indicates underperformance compared to the wider industry. Even so, earnings per share are more important to the intrinsic value of the business. With that said, earnings are more important to the long-term value of the business. 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 Kamux 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 Kamux 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.