Elektroimportøren AS (OB:ELIMP) Just Released Its First-Quarter Earnings: Here's What Analysts Think

Shareholders of Elektroimportøren AS (OB:ELIMP) will be pleased this week, given that the stock price is up 16% to kr13.90 following its latest quarterly results. It was an okay report, and revenues came in at kr396m, approximately in line with analyst estimates leading up to the results announcement. 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.

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After the latest results, the dual analysts covering Elektroimportøren are now predicting revenues of kr1.80b in 2025. If met, this would reflect a credible 7.7% improvement in revenue compared to the last 12 months. Statutory earnings per share are expected to reduce 7.7% to kr0.81 in the same period. In the lead-up to this report, the analysts had been modelling revenues of kr1.78b and earnings per share (EPS) of kr0.87 in 2025. So it looks like there's been a small decline in overall sentiment after the recent results - there's been no major change to revenue estimates, but the analysts did make a small dip in their earnings per share forecasts.

View our latest analysis for Elektroimportøren

The consensus price target held steady at kr17.00, with the analysts seemingly voting that their lower forecast earnings are not expected to lead to a lower stock price in the foreseeable future.

These estimates are interesting, but it can be useful to paint some more broad strokes when seeing how forecasts compare, both to the Elektroimportøren's past performance and to peers in the same industry. It's clear from the latest estimates that Elektroimportøren's rate of growth is expected to accelerate meaningfully, with the forecast 10% annualised revenue growth to the end of 2025 noticeably faster than its historical growth of 1.7% p.a. over the past three years. Compare this with other companies in the same industry, which are forecast to grow their revenue 5.7% annually. Factoring in the forecast acceleration in revenue, it's pretty clear that Elektroimportøren is expected to grow much faster than its 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. There was no real change to the consensus price target, suggesting that the intrinsic value of the business has not undergone any major changes with the latest estimates.

Following on from that line of thought, we think that the long-term prospects of the business are much more relevant than next year's earnings. We have analyst estimates for Elektroimportøren going out as far as 2027, and you can see them free on our platform here.

However, before you get too enthused, we've discovered 1 warning sign for Elektroimportøren that you should be aware of.

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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.