Komplett ASA (OB:KOMPL) Analysts Are Pretty Bullish On The Stock After Recent Results

It's been a good week for Komplett ASA (OB:KOMPL) shareholders, because the company has just released its latest annual results, and the shares gained 6.1% to kr9.38. The statutory results were not great - while revenues of kr15b were in line with expectations,Komplett lost kr1.10 a share in the process. 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. We've gathered the most recent statutory forecasts to see whether the analysts have changed their earnings models, following these results.

View our latest analysis for Komplett

After the latest results, the three analysts covering Komplett are now predicting revenues of kr16.5b in 2025. If met, this would reflect a satisfactory 7.5% improvement in revenue compared to the last 12 months. Earnings are expected to improve, with Komplett forecast to report a statutory profit of kr0.16 per share. Yet prior to the latest earnings, the analysts had been anticipated revenues of kr16.3b and earnings per share (EPS) of kr0.26 in 2025. So there's definitely been a decline in sentiment after the latest results, noting the pretty serious reduction to new EPS forecasts.

Althoughthe analysts have revised their earnings forecasts for next year, they've also lifted the consensus price target 8.1% to kr10.00, suggesting the revised estimates are not indicative of a weaker long-term future for the business. 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 Komplett, with the most bullish analyst valuing it at kr12.00 and the most bearish at kr8.00 per share. There are definitely some different views on the stock, but the range of estimates is not wide enough as to imply that the situation is unforecastable, in our view.

Of course, another way to look at these forecasts is to place them into context against the industry itself. It's pretty clear that there is an expectation that Komplett's revenue growth will slow down substantially, with revenues to the end of 2025 expected to display 7.5% growth on an annualised basis. This is compared to a historical growth rate of 13% over the past five years. Juxtapose this against the other companies in the industry with analyst coverage, which are forecast to grow their revenues (in aggregate) 6.5% annually. So it's pretty clear that, while Komplett's revenue growth is expected to slow, it's expected to grow roughly in line with the industry.

The Bottom Line

The biggest concern is that the analysts reduced their earnings per share estimates, suggesting business headwinds could lay ahead for Komplett. They also reconfirmed their revenue estimates, with the company predicted to grow at about the same rate as the wider industry. There was also a nice increase in the price target, with the analysts clearly feeling that the intrinsic value of the business is improving.

With that said, the long-term trajectory of the company's earnings is a lot more important than next year. At Simply Wall St, we have a full range of analyst estimates for Komplett going out to 2027, and you can see them free on our platform here..

You can also see whether Komplett 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.