Here's What Analysts Are Forecasting For SpareBank 1 Helgeland (OB:HELG) After Its First-Quarter Results

SpareBank 1 Helgeland (OB:HELG) came out with its quarterly results last week, and we wanted to see how the business is performing and what industry forecasters think of the company following this report. Results look mixed - while revenue fell marginally short of analyst estimates at kr271m, statutory earnings were in line with expectations, at kr4.10 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. We've gathered the most recent statutory forecasts to see whether the analysts have changed their earnings models, following these results.

Check out our latest analysis for SpareBank 1 Helgeland

Taking into account the latest results, the most recent consensus for SpareBank 1 Helgeland from dual analysts is for revenues of kr1.18b in 2023 which, if met, would be a solid 18% increase on its sales over the past 12 months. Yet prior to the latest earnings, the analysts had been anticipated revenues of kr1.16b and earnings per share (EPS) of kr15.67 in 2023. 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, suggesting that revenues are what the market is focusing on after the latest results.

There's been no real change to the consensus price target of kr153, with SpareBank 1 Helgeland seemingly executing in line with expectations.

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. It's clear from the latest estimates that SpareBank 1 Helgeland's rate of growth is expected to accelerate meaningfully, with the forecast 25% annualised revenue growth to the end of 2023 noticeably faster than its historical growth of 12% p.a. over the past five years. By contrast, our data suggests that other companies (with analyst coverage) in a similar industry are forecast to grow their revenue at 2.1% per year. It seems obvious that, while the growth outlook is brighter than the recent past, the analysts also expect SpareBank 1 Helgeland to grow faster than the wider industry.

The Bottom Line

The clear take away from these updates is that the analysts made no change to their revenue estimates for next year, with the business apparently performing in line with their models. Fortunately, they also reconfirmed their revenue numbers, suggesting sales are tracking in line with expectations - and our data suggests that revenues are expected to grow faster than the wider industry. The consensus price target held steady at kr153, with the latest estimates not enough to have an impact on their price targets.

We have estimates for SpareBank 1 Helgeland from its dual analysts out to 2025, and you can see them free on our platform here.

You still need to take note of risks, for example - SpareBank 1 Helgeland has 1 warning sign we think 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.