Nurminen Logistics Oyj Just Reported A Surprise Loss: Here's What Analysts Think Will Happen Next

As you might know, Nurminen Logistics Oyj (HEL:NLG1V) recently reported its annual numbers. Revenues came in at €123m, in line with estimates, while Nurminen Logistics Oyj reported a statutory loss of €0.01 per share, well short of prior analyst forecasts for a profit. The analyst typically update their forecasts at each earnings report, and we can judge from their estimates whether their view of the company has changed or if there are any new concerns to be aware of. So we gathered the latest post-earnings forecasts to see what estimate suggests is in store for next year.

Check out our latest analysis for Nurminen Logistics Oyj

Following the latest results, Nurminen Logistics Oyj's solitary analyst are now forecasting revenues of €140.0m in 2023. This would be a notable 14% improvement in sales compared to the last 12 months. Earnings are expected to improve, with Nurminen Logistics Oyj forecast to report a statutory profit of €0.06 per share. In the lead-up to this report, the analyst had been modelling revenues of €139.0m and earnings per share (EPS) of €0.07 in 2023. The analyst seem to have become more bearish following the latest results. While there were no changes to revenue forecasts, there was a real cut to EPS estimates.

Despite cutting their earnings forecasts,the analyst has lifted their price target 57% to €1.10, suggesting that these impacts are not expected to weigh on the stock's value in the long term.

These estimates are interesting, but it can be useful to paint some more broad strokes when seeing how forecasts compare, both to the Nurminen Logistics Oyj's past performance and to peers in the same industry. The period to the end of 2023 brings more of the same, according to the analyst, with revenue forecast to display 14% growth on an annualised basis. That is in line with its 15% annual growth over the past five years. Compare this with the broader industry (in aggregate), which analyst estimates suggest will see revenues fall 2.1% per year. So it's clear that not only is revenue growth expected to be maintained, but Nurminen Logistics Oyj is expected to grow meaningfully faster than the wider industry.

The Bottom Line

The most important thing to take away is that the analyst downgraded their earnings per share estimates, showing that there has been a clear decline in sentiment following these results. On the plus side, they made no changes to their revenue estimates - and they expect sales to perform better than the wider industry. We note an upgrade to the price target, suggesting that the analyst believes the intrinsic value of the business is likely to improve over time.

With that said, the long-term trajectory of the company's earnings is a lot more important than next year. At least one analyst has provided forecasts out to 2025, which can be seen for free on our platform here.

Plus, you should also learn about the 2 warning signs we've spotted with Nurminen Logistics Oyj (including 1 which makes us a bit uncomfortable) .

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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.