BlueNord ASA Reported A Surprise Loss, And Analysts Have Updated Their Forecasts

As you might know, BlueNord ASA (OB:BNOR) recently reported its full-year numbers. Things were not great overall, with a surprise (statutory) loss of US$2.66 per share on revenues of US$702m, even though the analysts had been expecting a profit. Earnings are an important time for investors, as they can track a company's performance, look at what the analysts are forecasting for next year, and see if there's been a change in sentiment towards the company. So we collected the latest post-earnings statutory consensus estimates to see what could be in store for next year.

View our latest analysis for BlueNord

Taking into account the latest results, the consensus forecast from BlueNord's five analysts is for revenues of US$1.34b in 2025. This reflects a substantial 91% improvement in revenue compared to the last 12 months. BlueNord is also expected to turn profitable, with statutory earnings of US$8.97 per share. In the lead-up to this report, the analysts had been modelling revenues of US$1.42b and earnings per share (EPS) of US$9.67 in 2025. The analysts are less bullish than they were before these results, given the reduced revenue forecasts and the small dip in earnings per share expectations.

What's most unexpected is that the consensus price target rose 5.8% to kr726, strongly implying the downgrade to forecasts is not expected to be more than a temporary blip. There's another way to think about price targets though, and that's to look at the range of price targets put forward by analysts, because a wide range of estimates could suggest a diverse view on possible outcomes for the business. The most optimistic BlueNord analyst has a price target of kr830 per share, while the most pessimistic values it at kr670. The narrow spread of estimates could suggest that the business' future is relatively easy to value, or thatthe analysts have a strong view on its prospects.

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. The analysts are definitely expecting BlueNord's growth to accelerate, with the forecast 91% annualised growth to the end of 2025 ranking favourably alongside historical growth of 11% per annum over the past five years. By contrast, our data suggests that other companies (with analyst coverage) in the same industry are forecast to see their revenue shrink 4.5% per year. It seems obvious that as part of the brighter growth outlook, BlueNord is expected to grow faster than the wider industry.

The Bottom Line

The biggest concern is that the analysts reduced their earnings per share estimates, suggesting business headwinds could lay ahead for BlueNord. Sadly they also cut their revenue estimates, although at least the company is expected to perform a bit better than the wider industry. We note an upgrade to the price target, suggesting that the analysts believes the intrinsic value of the business is likely to improve over time.

Keeping that in mind, we still think that the longer term trajectory of the business is much more important for investors to consider. We have forecasts for BlueNord going out to 2027, and you can see them free on our platform here.

Plus, you should also learn about the 1 warning sign we've spotted with BlueNord .

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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.