SalMar ASA Just Recorded A 7.3% EPS Beat: Here's What Analysts Are Forecasting Next

Shareholders might have noticed that SalMar ASA (OB:SALM) filed its full-year result this time last week. The early response was not positive, with shares down 4.1% to kr575 in the past week. The result was positive overall - although revenues of kr26b were in line with what the analysts predicted, SalMar surprised by delivering a statutory profit of kr22.50 per share, modestly greater than expected. 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. 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 SalMar

After the latest results, the eight analysts covering SalMar are now predicting revenues of kr32.1b in 2025. If met, this would reflect a huge 22% improvement in revenue compared to the last 12 months. Statutory earnings per share are predicted to bounce 63% to kr36.75. Before this earnings report, the analysts had been forecasting revenues of kr32.6b and earnings per share (EPS) of kr38.38 in 2025. The analysts seem to have become a little more negative on the business after the latest results, given the small dip in their earnings per share numbers for next year.

The consensus price target held steady at kr628, with the analysts seemingly voting that their lower forecast earnings are not expected to lead to a lower stock price in the foreseeable future. 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. Currently, the most bullish analyst values SalMar at kr700 per share, while the most bearish prices it at kr561. Still, with such a tight range of estimates, it suggeststhe analysts have a pretty good idea of what they think the company is worth.

Of course, another way to look at these forecasts is to place them into context against the industry itself. The period to the end of 2025 brings more of the same, according to the analysts, with revenue forecast to display 22% growth on an annualised basis. That is in line with its 20% annual growth over the past five years. By contrast, our data suggests that other companies (with analyst coverage) in a similar industry are forecast to see their revenues grow 8.0% per year. So although SalMar is expected to maintain its revenue growth rate, it's definitely expected to grow faster than the wider industry.

The Bottom Line

The most important thing to take away is that the analysts downgraded their earnings per share estimates, showing that there has been a clear decline in sentiment following these results. 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 kr628, 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 SalMar. Long-term earnings power is much more important than next year's profits. We have estimates - from multiple SalMar analysts - going out to 2027, and you can see them free on our platform here.

You still need to take note of risks, for example - SalMar has 2 warning signs (and 1 which shouldn't be ignored) we think you should know about.

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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.