Netum Group Oyj Just Missed Earnings - But Analysts Have Updated Their Models

As you might know, Netum Group Oyj (HEL:NETUM) recently reported its full-year numbers. It was not a great result overall. While revenues of €22m were in line with analyst predictions, earnings were less than expected, missing statutory estimates by 17% to hit €0.05 per share. This is an important time for investors, as they can track a company's performance in its report, look at what experts are forecasting for next year, and see if there has been any change to expectations for the business. With this in mind, we've gathered the latest statutory forecasts to see what the analysts are expecting for next year.

See our latest analysis for Netum Group Oyj

Taking into account the latest results, the most recent consensus for Netum Group Oyj from dual analysts is for revenues of €27.4m in 2022 which, if met, would be a major 22% increase on its sales over the past 12 months. Statutory earnings per share are predicted to soar 302% to €0.18. Before this earnings report, the analysts had been forecasting revenues of €27.4m and earnings per share (EPS) of €0.18 in 2022. The consensus analysts don't seem to have seen anything in these results that would have changed their view on the business, given there's been no major change to their estimates.

With no major changes to earnings forecasts, the consensus price target fell 5.3% to €4.45, suggesting that the analysts might have previously been hoping for an earnings upgrade.

Of course, another way to look at these forecasts is to place them into context against the industry itself. We can infer from the latest estimates that forecasts expect a continuation of Netum Group Oyj'shistorical trends, as the 22% annualised revenue growth to the end of 2022 is roughly in line with the 20% annual revenue growth over the past three years. Compare this with the broader industry, which analyst estimates (in aggregate) suggest will see revenues grow 2.9% annually. So it's pretty clear that Netum Group Oyj is forecast to grow substantially faster than its industry.

The Bottom Line

The most obvious conclusion is that there's been no major change in the business' prospects in recent times, with the analysts holding their earnings forecasts steady, in line with previous estimates. Happily, there were no major changes to revenue forecasts, with the business still expected to grow faster than the wider industry. Furthermore, the analysts also cut their price targets, suggesting that the latest news has led to greater pessimism about the intrinsic value of the business.

With that in mind, we wouldn't be too quick to come to a conclusion on Netum Group Oyj. Long-term earnings power is much more important than next year's profits. At least one analyst has provided forecasts out to 2024, which can be seen for free on our platform here.

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