Elisa Oyj (HEL:ELISA) Just Released Its Yearly Earnings: Here's What Analysts Think

Last week, you might have seen that Elisa Oyj (HEL:ELISA) released its annual result to the market. The early response was not positive, with shares down 3.4% to €41.50 in the past week. Revenues of €2.2b were in line with forecasts, although statutory earnings per share (EPS) came in below expectations at €2.23, missing estimates by 4.3%. 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. So we gathered the latest post-earnings forecasts to see what estimates suggest is in store for next year.

See our latest analysis for Elisa Oyj

Taking into account the latest results, the most recent consensus for Elisa Oyj from 16 analysts is for revenues of €2.27b in 2025. If met, it would imply a credible 3.5% increase on its revenue over the past 12 months. Per-share earnings are expected to rise 9.3% to €2.44. In the lead-up to this report, the analysts had been modelling revenues of €2.26b and earnings per share (EPS) of €2.50 in 2025. 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 small dip in their earnings per share forecasts.

It might be a surprise to learn that the consensus price target was broadly unchanged at €47.59, with the analysts clearly implying that the forecast decline in earnings is not expected to have much of an impact on valuation. That's not the only conclusion we can draw from this data however, as some investors also like to consider the spread in estimates when evaluating analyst price targets. There are some variant perceptions on Elisa Oyj, with the most bullish analyst valuing it at €65.00 and the most bearish at €37.30 per share. 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.

Another way we can view these estimates is in the context of the bigger picture, such as how the forecasts stack up against past performance, and whether forecasts are more or less bullish relative to other companies in the industry. The period to the end of 2025 brings more of the same, according to the analysts, with revenue forecast to display 3.5% growth on an annualised basis. That is in line with its 4.0% annual growth over the past five years. Juxtapose this against our data, which suggests that other companies (with analyst coverage) in the industry are forecast to see their revenues grow 2.9% per year. It's clear that while Elisa Oyj's revenue growth is expected to continue on its current trajectory, it's only expected to grow in line with the industry itself.

The Bottom Line

The biggest concern is that the analysts reduced their earnings per share estimates, suggesting business headwinds could lay ahead for Elisa Oyj. They also reconfirmed their revenue estimates, with the company predicted to grow at about the same rate as the wider industry. 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 in mind, we wouldn't be too quick to come to a conclusion on Elisa Oyj. Long-term earnings power is much more important than next year's profits. We have estimates - from multiple Elisa Oyj analysts - going out to 2027, and you can see them free on our platform here.

However, before you get too enthused, we've discovered 2 warning signs for Elisa Oyj (1 shouldn't be ignored!) 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.