Analysts Are Betting On Arctic Fish Holding AS (OB:AFISH) With A Big Upgrade This Week

September 02, 2022
  •  Updated
November 24, 2022
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Celebrations may be in order for Arctic Fish Holding AS (OB:AFISH) shareholders, with the analysts delivering a significant upgrade to their statutory estimates for the company. The revenue forecast for this year has experienced a facelift, with analysts now much more optimistic on its sales pipeline.

After the upgrade, the dual analysts covering Arctic Fish Holding are now predicting revenues of kr760m in 2022. If met, this would reflect a meaningful 9.1% improvement in sales compared to the last 12 months. Per-share earnings are expected to jump 109% to kr3.74. Previously, the analysts had been modelling revenues of kr677m and earnings per share (EPS) of kr2.69 in 2022. There has definitely been an improvement in perception recently, with the analysts substantially increasing both their earnings and revenue estimates.

Check out our latest analysis for Arctic Fish Holding

OB:AFISH Earnings and Revenue Growth September 2nd 2022

Of course, another way to look at these forecasts is to place them into context against the industry itself. We would highlight that Arctic Fish Holding's revenue growth is expected to slow, with the forecast 19% annualised growth rate until the end of 2022 being well below the historical 32% growth over the last year. Juxtapose this against the other companies in the industry with analyst coverage, which are forecast to grow their revenues (in aggregate) 5.3% per year. Even after the forecast slowdown in growth, it seems obvious that Arctic Fish Holding is also expected to grow faster than the wider industry.

The Bottom Line

The most important thing to take away from this upgrade is that analysts upgraded their earnings per share estimates for this year, expecting improving business conditions. They also upgraded their revenue estimates for this year, and sales are expected to grow faster than the wider market. Given that analysts appear to be expecting substantial improvement in the sales pipeline, now could be the right time to take another look at Arctic Fish Holding.

Still, the long-term prospects of the business are much more relevant than next year's earnings. We have analyst estimates for Arctic Fish Holding going out as far as 2024, and you can see them free on our platform here.

Of course, seeing company management invest large sums of money in a stock can be just as useful as knowing whether analysts are upgrading their estimates. So you may also wish to search this free list of stocks that insiders are buying.

Valuation is complex, but we're helping make it simple.

Find out whether Arctic Fish Holding is potentially over or undervalued by checking out our comprehensive analysis, which includes fair value estimates, risks and warnings, dividends, insider transactions and financial health.

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