Veidekke ASA (OB:VEI) Annual Results: Here's What Analysts Are Forecasting For This Year

Veidekke ASA (OB:VEI) last week reported its latest full-year results, which makes it a good time for investors to dive in and see if the business is performing in line with expectations. It was a credible result overall, with revenues of kr41b and statutory earnings per share of kr9.30 both in line with analyst estimates, showing that Veidekke is executing in line with expectations. Following the result, the analyst has updated their earnings model, and it would be good to know whether they think there's been a strong change in the company's prospects, or if it's business as usual. We've gathered the most recent statutory forecasts to see whether the analyst has changed their earnings models, following these results.

View our latest analysis for Veidekke

Taking into account the latest results, the current consensus from Veidekke's one analyst is for revenues of kr43.1b in 2025. This would reflect a modest 4.2% increase on its revenue over the past 12 months. Per-share earnings are expected to accumulate 6.6% to kr9.95. In the lead-up to this report, the analyst had been modelling revenues of kr43.0b and earnings per share (EPS) of kr9.92 in 2025. So it's pretty clear that, although the analyst has updated their estimates, there's been no major change in expectations for the business following the latest results.

It will come as no surprise then, to learn that the consensus price target is largely unchanged at kr160.

Of course, another way to look at these forecasts is to place them into context against the industry itself. The analyst is definitely expecting Veidekke's growth to accelerate, with the forecast 4.2% annualised growth to the end of 2025 ranking favourably alongside historical growth of 3.2% per annum over the past five years. Compare this with other companies in the same industry, which are forecast to see revenue growth of 21% annually. It seems obvious that, while the future growth outlook is brighter than the recent past, Veidekke is expected to grow slower than the wider industry.

The Bottom Line

The most important thing to take away is that there's been no major change in sentiment, with the analyst reconfirming that the business is performing in line with their previous earnings per share estimates. On the plus side, there were no major changes to revenue estimates; although forecasts imply they will perform worse than 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.

Following on from that line of thought, we think that the long-term prospects of the business are much more relevant than next year's earnings. We have analyst estimates for Veidekke going out as far as 2027, and you can see them free on our platform here.

You should always think about risks though. Case in point, we've spotted 1 warning sign for Veidekke 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.