Gofore Oyj Future Growth

Future criteria checks 2/6

Gofore Oyj is forecast to grow earnings and revenue by 9.8% and 7.7% per annum respectively. EPS is expected to grow by 9.7% per annum. Return on equity is forecast to be 18.6% in 3 years.

Key information

9.8%

Earnings growth rate

9.7%

EPS growth rate

IT earnings growth	13.1%
Revenue growth rate	7.7%
Future return on equity	18.6%
Analyst coverage	Low
Last updated	25 Oct 2024

Recent future growth updates

Recent updates

Solid Earnings Reflect Gofore Oyj's (HEL:GOFORE) Strength As A Business

Nov 04

We Think Shareholders May Consider Being More Generous With Gofore Oyj's (HEL:GOFORE) CEO Compensation Package

Mar 29

Gofore Oyj (HEL:GOFORE) Is Increasing Its Dividend To €0.47

Mar 12

Gofore Oyj (HEL:GOFORE) Has Announced That It Will Be Increasing Its Dividend To €0.47

Feb 24

Is There An Opportunity With Gofore Oyj's (HEL:GOFORE) 22% Undervaluation?

Jul 21

One Gofore Oyj (HEL:GOFORE) Analyst Just Lifted Their Revenue Forecasts By A Notable 12%

Jan 18

Upgrade: Analysts Just Made A Sizeable Increase To Their Gofore Oyj (HEL:GOFORE) Forecasts

Mar 02

Earnings Miss: Gofore Oyj Missed EPS By 17% And Analysts Are Revising Their Forecasts

Aug 17

I Ran A Stock Scan For Earnings Growth And Gofore Oyj (HEL:GOFORE) Passed With Ease

Jun 10

We Think Gofore Oyj's (HEL:GOFORE) Statutory Profit Might Understate Its Earnings Potential

Feb 14

Gofore Oyj's (HEL:GOFORE) Stock Is Going Strong: Is the Market Following Fundamentals?

Dec 30

Announcing: Gofore Oyj (HEL:GOFORE) Stock Increased An Energizing 106% In The Last Three Years

Dec 15

What Type Of Shareholders Own The Most Number of Gofore Oyj (HEL:GOFORE) Shares?

Nov 30

Earnings and Revenue Growth Forecasts

HLSE:GOFORE - Analysts future estimates and past financials data (EUR Millions)
Date	Revenue	Earnings	Free Cash Flow	Cash from Op	Avg. No. Analysts
12/31/2026	225	22	29	32	2
12/31/2025	202	19	24	27	2
12/31/2024	188	17	21	24	2
9/30/2024	188	18	36	38	N/A
6/30/2024	190	17	20	22	N/A
3/31/2024	189	17	22	24	N/A
12/31/2023	189	18	17	19	N/A
9/30/2023	184	15	17	19	N/A
6/30/2023	174	15	22	23	N/A
3/31/2023	164	15	20	21	N/A
12/31/2022	150	12	21	22	N/A
9/30/2022	131	10	12	12	N/A
6/30/2022	125	11	20	20	N/A
3/31/2022	114	9	15	15	N/A
12/31/2021	105	9	14	14	N/A
9/30/2021	99	8	12	12	N/A
6/30/2021	93	8	9	10	N/A
3/31/2021	86	7	9	9	N/A
12/31/2020	79	7	8	9	N/A
9/30/2020	74	6	11	11	N/A
6/30/2020	68	5	13	14	N/A
3/31/2020	66	5	12	13	N/A
12/31/2019	64	5	12	12	N/A
9/30/2019	62	5	11	11	N/A
6/30/2019	59	5	11	11	N/A
3/31/2019	55	5	9	9	N/A
12/31/2018	51	5	8	8	N/A
9/30/2018	49	4	3	4	N/A
6/30/2018	44	4	N/A	-1	N/A
3/31/2018	39	4	N/A	0	N/A
12/31/2017	34	3	N/A	1	N/A
9/30/2017	28	4	N/A	3	N/A
12/31/2016	19	2	N/A	2	N/A
12/31/2015	12	1	N/A	1	N/A
12/31/2014	9	1	N/A	1	N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: GOFORE's forecast earnings growth (9.8% per year) is above the savings rate (1.3%).

Earnings vs Market: GOFORE's earnings (9.8% per year) are forecast to grow slower than the Finnish market (14.6% per year).

High Growth Earnings: GOFORE's earnings are forecast to grow, but not significantly.

Revenue vs Market: GOFORE's revenue (7.7% per year) is forecast to grow faster than the Finnish market (2.6% per year).

High Growth Revenue: GOFORE's revenue (7.7% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: GOFORE's Return on Equity is forecast to be low in 3 years time (18.6%).

Gofore Oyj Future Growth

Future criteria checks 2/6

Key information

Recent future growth updates

Price target decreased by 7.8% to €26.75

Consensus EPS estimates fall by 10%

Price target increased by 11% to €31.50

Price target increased by 9.8% to €28.00

Price target increased to €25.00

Price target increased to €24.00

Recent updates

Solid Earnings Reflect Gofore Oyj's (HEL:GOFORE) Strength As A Business

Third quarter 2024 earnings: EPS exceeds analyst expectations

Gofore Oyj, Annual General Meeting, Apr 11, 2025

Gofore Oyj to Report First Half, 2025 Results on Aug 14, 2025

Second quarter 2024 earnings: EPS exceeds analyst expectations

Independent Director recently bought €100k worth of stock

First quarter 2024 earnings: EPS exceeds analyst expectations while revenues lag behind

We Think Shareholders May Consider Being More Generous With Gofore Oyj's (HEL:GOFORE) CEO Compensation Package

Upcoming dividend of €0.47 per share

Gofore Oyj (HEL:GOFORE) Is Increasing Its Dividend To €0.47

Gofore Oyj Proposes Dividend for the Financial Year 2023, payable on 15 April 2024

Gofore Oyj (HEL:GOFORE) Has Announced That It Will Be Increasing Its Dividend To €0.47

Dividend increased to €0.47

Full year 2023 earnings: EPS exceeds analyst expectations

Gofore Oyj to Report Fiscal Year 2023 Final Results on Mar 11, 2024

Price target decreased by 7.8% to €26.75

Gofore Oyj to Report Q1, 2024 Results on Apr 19, 2024

Gofore Oyj (HLSE:GOFORE) commences an Equity Buyback Plan for 1,550,613 shares, under the authorization approved March 24, 2023.

Third quarter 2023 earnings released: EPS: €0.16 (vs €0.19 in 3Q 2022)

Is There An Opportunity With Gofore Oyj's (HEL:GOFORE) 22% Undervaluation?

Now 21% undervalued after recent price drop

Consensus EPS estimates fall by 10%

Price target increased by 11% to €31.50

Upcoming dividend of €0.34 per share at 1.3% yield

Full year 2022 earnings: EPS misses analyst expectations

Price target increased by 9.8% to €28.00

Now 20% undervalued

One Gofore Oyj (HEL:GOFORE) Analyst Just Lifted Their Revenue Forecasts By A Notable 12%

Now 21% undervalued

Gofore Oyj Announces Management Changes

Gofore Oyj to Report Q3, 2023 Results on Oct 19, 2023

High number of new and inexperienced directors

Now 21% undervalued after recent price drop

Gofore Oyj entered into an agreement to acquire Emundo GmbH for €10.8 million.

Gofore plc Appoints Nomination Board

Second quarter 2022 earnings released: EPS: €0.23 (vs €0.14 in 2Q 2021)

Price target increased to €25.00

High number of new and inexperienced directors

Now 20% undervalued after recent price drop

High number of new and inexperienced directors

Upcoming dividend of €0.28 per share

Price target increased to €24.00

Now 20% undervalued after recent price drop

Consensus revenue estimates increase by 11%

Upgrade: Analysts Just Made A Sizeable Increase To Their Gofore Oyj (HEL:GOFORE) Forecasts

Full year 2021 earnings: EPS and revenues exceed analyst expectations

Gofore Oyj Proposes Dividend for the Year 2021, Payable on April 5, 2022

Gofore Oyj (HLSE:GOFORE) completed the acquisition of Devecto Oy for approximately €21 million.

Price target increased to €21.67

Earnings Miss: Gofore Oyj Missed EPS By 17% And Analysts Are Revising Their Forecasts

First half 2021 earnings released: EPS €0.27 (vs €0.20 in 1H 2020)

I Ran A Stock Scan For Earnings Growth And Gofore Oyj (HEL:GOFORE) Passed With Ease

Gofore Oyj (HEL:GOFORE) Is Yielding 1.2% - But Is It A Buy?

Independent Director has left the company

Does Gofore Oyj (HEL:GOFORE) Have A Healthy Balance Sheet?

Upcoming Dividend of €0.24 Per Share

Analysts increase EPS estimates to €0.73

Investor sentiment improved over the past week

Finnish Tax Administration Selected Gofore Oyj as Management Consulting Services Provider

Will Gofore Oyj (HEL:GOFORE) Multiply In Value Going Forward?

New 90-day high: €19.45

Full year 2020 earnings released: EPS €0.49 (vs €0.37 in FY 2019)

Revenue and earnings beat expectations

Price target raised to €17.50

Gofore Oyj (HLSE:GOFORE) completed the acquisition of 95% stake in Ccea Oy from Reetta Rajala, the Founder and current Chief Executive Officer of CCEA Oy and her family.

Gofore Oyj (HLSE:GOFORE) signed an agreement to acquire 95% stake in Ccea Oy from Reetta Rajala, the Founder and current Chief Executive Officer of CCEA Oy and her family for €6.4 million.

We Think Gofore Oyj's (HEL:GOFORE) Statutory Profit Might Understate Its Earnings Potential

Gofore Plc Proposes to Elect Piia-Noora Kauppi as Board of Directors

Analysts update estimates