Earnings Update: Bouvet ASA (OB:BOUV) Just Reported Its Yearly Results And Analysts Are Updating Their Forecasts

Last week, you might have seen that Bouvet ASA (OB:BOUV) released its annual result to the market. The early response was not positive, with shares down 7.6% to kr73.90 in the past week. Revenues of kr3.9b were in line with forecasts, although statutory earnings per share (EPS) came in below expectations at kr3.69, missing estimates by 4.9%. This is an important time for investors, as they can track a company's performance in its report, look at what expert is forecasting for next year, and see if there has been any change to expectations for the business. Readers will be glad to know we've aggregated the latest statutory forecasts to see whether the analyst has changed their mind on Bouvet after the latest results.

See our latest analysis for Bouvet

Following the latest results, Bouvet's one analyst are now forecasting revenues of kr4.19b in 2025. This would be a satisfactory 6.9% improvement in revenue compared to the last 12 months. Per-share earnings are expected to rise 5.1% to kr3.90. Before this earnings report, the analyst had been forecasting revenues of kr4.33b and earnings per share (EPS) of kr4.07 in 2025. It's pretty clear that pessimism has reared its head after the latest results, leading to a weaker revenue outlook and a small dip in earnings per share estimates.

Despite the cuts to forecast earnings, there was no real change to the kr78.00 price target, showing that the analyst doesn't think the changes have a meaningful impact on its intrinsic value.

One way to get more context on these forecasts is to look at how they compare to both past performance, and how other companies in the same industry are performing. We would highlight that Bouvet's revenue growth is expected to slow, with the forecast 6.9% annualised growth rate until the end of 2025 being well below the historical 12% p.a. growth over the last five years. Juxtapose this against the other companies in the industry with analyst coverage, which are forecast to grow their revenues (in aggregate) 7.8% annually. Factoring in the forecast slowdown in growth, it looks like Bouvet is forecast to grow at about the same rate as the wider industry.

The Bottom Line

The biggest concern is that the analyst reduced their earnings per share estimates, suggesting business headwinds could lay ahead for Bouvet. They also downgraded their revenue estimates, although as we saw earlier, forecast growth is only expected to be about the same as the wider industry. The consensus price target held steady at kr78.00, with the latest estimates not enough to have an impact on their price target.

Keeping that in mind, we still think that the longer term trajectory of the business is much more important for investors to consider. We have analyst estimates for Bouvet going out as far as 2027, and you can see them free on our platform here.

Another thing to consider is whether management and directors have been buying or selling stock recently. We provide an overview of all open market stock trades for the last twelve months 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.