P/F Bakkafrost Earnings Missed Analyst Estimates: Here's What Analysts Are Forecasting Now

Shareholders might have noticed that P/F Bakkafrost (OB:BAKKA) filed its quarterly result this time last week. The early response was not positive, with shares down 3.0% to kr641 in the past week. It looks like a pretty bad result, given that revenues fell 11% short of analyst estimates at kr.1.7b, and the company reported a statutory loss of kr.1.96 per share instead of the profit that the analysts had been forecasting. Following the result, the analysts have 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. So we collected the latest post-earnings statutory consensus estimates to see what could be in store for next year.

See our latest analysis for P/F Bakkafrost

Taking into account the latest results, the current consensus from P/F Bakkafrost's seven analysts is for revenues of kr.8.97b in 2025. This would reflect a notable 19% increase on its revenue over the past 12 months. Statutory earnings per share are predicted to surge 171% to kr.26.03. Yet prior to the latest earnings, the analysts had been anticipated revenues of kr.8.93b and earnings per share (EPS) of kr.25.87 in 2025. The consensus analysts don't seem to have seen anything in these results that would have changed their view on the business, given there's been no major change to their estimates.

The analysts reconfirmed their price target of kr721, showing that the business is executing well and in line with expectations. The consensus price target is just an average of individual analyst targets, so - it could be handy to see how wide the range of underlying estimates is. There are some variant perceptions on P/F Bakkafrost, with the most bullish analyst valuing it at kr795 and the most bearish at kr656 per share. These price targets show that analysts do have some differing views on the business, but the estimates do not vary enough to suggest to us that some are betting on wild success or utter failure.

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. The period to the end of 2025 brings more of the same, according to the analysts, with revenue forecast to display 15% growth on an annualised basis. That is in line with its 13% annual growth over the past five years. Compare this with the broader industry, which analyst estimates (in aggregate) suggest will see revenues grow 8.4% annually. So it's pretty clear that P/F Bakkafrost is forecast to grow substantially faster than its industry.

The Bottom Line

The most important thing to take away is that there's been no major change in sentiment, with the analysts reconfirming that the business is performing in line with their previous earnings per share estimates. Happily, there were no major changes to revenue forecasts, with the business still expected to grow faster than the wider industry. The consensus price target held steady at kr721, with the latest estimates not enough to have an impact on their price targets.

With that in mind, we wouldn't be too quick to come to a conclusion on P/F Bakkafrost. Long-term earnings power is much more important than next year's profits. We have forecasts for P/F Bakkafrost going out to 2026, and you can see them free on our platform here.

You can also see whether P/F Bakkafrost is carrying too much debt, and whether its balance sheet is healthy, for free on our platform here.

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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.