Earnings Miss: Tamtron Group Oyj Missed EPS By 74% And Analysts Are Revising Their Forecasts

As you might know, Tamtron Group Oyj (HEL:TAMTRON) recently reported its full-year numbers. Results overall were not great, with earnings of €0.11 per share falling drastically short of analyst expectations. Meanwhile revenues hit €56m and were slightly better than forecasts. This is an important time for investors, as they can track a company's performance in its report, look at what expert is forecasting for next year, and see if there has been any change to expectations for the business. We've gathered the most recent statutory forecasts to see whether the analyst has changed their earnings models, following these results.

Check out our latest analysis for Tamtron Group Oyj

After the latest results, the one analyst covering Tamtron Group Oyj are now predicting revenues of €57.1m in 2024. If met, this would reflect a reasonable 2.5% improvement in revenue compared to the last 12 months. In the lead-up to this report, the analyst had been modelling revenues of €57.0m and earnings per share (EPS) of €0.48 in 2024. So we can see that while the consensus made no real change to its revenue estimates, it also no longer provides an earnings per share estimate. This suggests that revenues are what the market is focusing on after the latest results.

The average price target fell 7.5% to €6.20, withthe analyst clearly having become less optimistic about Tamtron Group Oyj'sprospects following its latest earnings.

Of course, another way to look at these forecasts is to place them into context against the industry itself. We would highlight that Tamtron Group Oyj's revenue growth is expected to slow, with the forecast 2.5% annualised growth rate until the end of 2024 being well below the historical 29% p.a. growth over the last three years. Compare this against other companies (with analyst forecasts) in the industry, which are in aggregate expected to see revenue growth of 4.6% annually. Factoring in the forecast slowdown in growth, it seems obvious that Tamtron Group Oyj is also expected to grow slower than other industry participants.

The Bottom Line

The most important thing to take away is that the analyst reconfirmed their revenue estimates for next year, suggesting that the business is performing in line with expectations. Fortunately, the analyst also reconfirmed their revenue estimates, suggesting that it's tracking in line with expectations. Although our data does suggest that Tamtron Group Oyj's revenue is expected to perform worse than the wider industry. The consensus price target fell measurably, with the analyst seemingly not reassured by the latest results, leading to a lower estimate of Tamtron Group Oyj's future valuation.

We have estimates for Tamtron Group Oyj from one covering analyst, and you can see them free on our platform here.

It is also worth noting that we have found 3 warning signs for Tamtron Group Oyj (1 doesn't sit too well with us!) 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.