Kamux Oyj Just Missed Earnings - But Analysts Have Updated Their Models

The analysts might have been a bit too bullish on Kamux Oyj (HEL:KAMUX), given that the company fell short of expectations when it released its third-quarter results last week. It wasn't a great result overall - while revenue fell marginally short of analyst estimates at €233m, statutory earnings missed forecasts by an incredible 29%, coming in at just €0.05 per share. 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 gathered the latest post-earnings forecasts to see what estimates suggest is in store for next year.

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After the latest results, the three analysts covering Kamux Oyj are now predicting revenues of €935.5m in 2026. If met, this would reflect a reasonable 3.1% improvement in revenue compared to the last 12 months. Earnings are expected to improve, with Kamux Oyj forecast to report a statutory profit of €0.18 per share. Before this earnings report, the analysts had been forecasting revenues of €938.8m and earnings per share (EPS) of €0.20 in 2026. So it looks like there's been a small decline in overall sentiment after the recent results - there's been no major change to revenue estimates, but the analysts did make a minor downgrade to their earnings per share forecasts.

Check out our latest analysis for Kamux Oyj

The consensus price target held steady at €2.03, with the analysts seemingly voting that their lower forecast earnings are not expected to lead to a lower stock price in the foreseeable future. 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 €2.10 per share, while the most bearish prices it at €2.00. This is a very narrow spread of estimates, implying either that Kamux Oyj is an easy company to value, or - more likely - the analysts are relying heavily on some key assumptions.

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. We would highlight that Kamux Oyj's revenue growth is expected to slow, with the forecast 2.4% annualised growth rate until the end of 2026 being well below the historical 4.8% p.a. growth over the last five years. Compare this against other companies (with analyst forecasts) in the industry, which are in aggregate expected to see revenue growth of 5.6% annually. Factoring in the forecast slowdown in growth, it seems obvious that Kamux Oyj is also expected to grow slower than other industry participants.

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. Fortunately, the analysts also reconfirmed their revenue estimates, suggesting that it's tracking in line with expectations. Although our data does suggest that Kamux Oyj's revenue is expected to perform worse than the wider industry. The consensus price target held steady at €2.03, with the latest estimates not enough to have an impact on their price targets.

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

However, before you get too enthused, we've discovered 3 warning signs for Kamux 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.