Results: Public Property Invest ASA Exceeded Expectations And The Consensus Has Updated Its Estimates

Public Property Invest ASA (OB:PUBLI) investors will be delighted, with the company turning in some strong numbers with its latest results. The company beat forecasts, with revenue of kr205m, some 3.3% above estimates, and statutory earnings per share (EPS) coming in at kr0.75, 126% ahead of expectations. This is an important time for investors, as they can track a company's performance in its report, look at what experts are forecasting for next year, and see if there has been any change to expectations for the business. With this in mind, we've gathered the latest statutory forecasts to see what the analysts are expecting for next year.

Our free stock report includes 3 warning signs investors should be aware of before investing in Public Property Invest. Read for free now.

Taking into account the latest results, the most recent consensus for Public Property Invest from three analysts is for revenues of kr977.5m in 2025. If met, it would imply a huge 36% increase on its revenue over the past 12 months. Statutory earnings per share are expected to nosedive 20% to kr1.42 in the same period. Before this earnings report, the analysts had been forecasting revenues of kr823.3m and earnings per share (EPS) of kr1.40 in 2025. It seems sentiment has certainly become more bullish on revenues, even though they haven't changed their view on earnings per share.

View our latest analysis for Public Property Invest

It may not be a surprise to see thatthe analysts have reconfirmed their price target of kr24.50, implying that the uplift in revenue is not expected to greatly contribute to Public Property Invest's valuation in the near term. Fixating on a single price target can be unwise though, since the consensus target is effectively the average of analyst price targets. As a result, some investors like to look at the range of estimates to see if there are any diverging opinions on the company's valuation. Currently, the most bullish analyst values Public Property Invest at kr26.50 per share, while the most bearish prices it at kr22.00. With such a narrow range of valuations, the analysts apparently share similar views on what they think the business is worth.

Taking a look at the bigger picture now, one of the ways we can understand these forecasts is to see how they compare to both past performance and industry growth estimates. The analysts are definitely expecting Public Property Invest's growth to accelerate, with the forecast 51% annualised growth to the end of 2025 ranking favourably alongside historical growth of 22% per annum over the past year. By contrast, our data suggests that other companies (with analyst coverage) in the same industry are forecast to see their revenue shrink 2.4% per year. So it's clear with the acceleration in growth, Public Property Invest is expected to grow meaningfully faster than the wider 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. On the plus side, they also lifted their revenue estimates, and the company is expected to perform better than the wider industry. The consensus price target held steady at kr24.50, with the latest estimates not enough to have an impact on their price targets.

With that said, the long-term trajectory of the company's earnings is a lot more important than next year. We have forecasts for Public Property Invest going out to 2027, and you can see them free on our platform here.

You still need to take note of risks, for example - Public Property Invest has 3 warning signs (and 2 which are potentially serious) 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.