Zaptec ASA Earnings Missed Analyst Estimates: Here's What Analysts Are Forecasting Now

It's been a sad week for Zaptec ASA (OB:ZAP), who've watched their investment drop 17% to kr8.86 in the week since the company reported its quarterly result. Revenues fell badly short of expectations, with revenue of kr299m missing analyst predictions by 21%. Unsurprisingly, the statutory profit the analysts had been forecasting evaporated, turning into a loss of kr0.33 per share. The analysts 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. With this in mind, we've gathered the latest statutory forecasts to see what the analysts are expecting for next year.

See our latest analysis for Zaptec

Taking into account the latest results, the most recent consensus for Zaptec from dual analysts is for revenues of kr1.57b in 2025. If met, it would imply a sizeable 20% increase on its revenue over the past 12 months. Zaptec is also expected to turn profitable, with statutory earnings of kr0.63 per share. Yet prior to the latest earnings, the analysts had been anticipated revenues of kr1.67b and earnings per share (EPS) of kr0.94 in 2025. From this we can that sentiment has definitely become more bearish after the latest results, leading to lower revenue forecasts and a large cut to earnings per share estimates.

The consensus price target fell 9.5% to kr16.75, with the weaker earnings outlook clearly leading valuation estimates.

One way to get more context on these forecasts is to look at how they compare to both past performance, and how other companies in the same industry are performing. We would highlight that Zaptec's revenue growth is expected to slow, with the forecast 16% annualised growth rate until the end of 2025 being well below the historical 44% p.a. growth over the last five years. By way of comparison, the other companies in this industry with analyst coverage are forecast to grow their revenue at 7.1% annually. So it's pretty clear that, while Zaptec's revenue growth is expected to slow, it's still expected to grow faster than 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 Zaptec. Regrettably, they also downgraded their revenue estimates, but the latest forecasts still imply the business will grow faster than the wider industry. Furthermore, the analysts also cut their price targets, suggesting that the latest news has led to greater pessimism about the intrinsic value of the business.

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. At least one analyst has provided forecasts out to 2026, which can be seen for free on our platform here.

You should always think about risks though. Case in point, we've spotted 2 warning signs for Zaptec 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.