Itera ASA Earnings Missed Analyst Estimates: Here's What Analysts Are Forecasting Now

Itera ASA (OB:ITERA) shareholders are probably feeling a little disappointed, since its shares fell 4.6% to kr7.96 in the week after its latest quarterly results. Results overall were not great, with earnings of kr0.04 per share falling drastically short of analyst expectations. Meanwhile revenues hit kr196m and were slightly better than forecasts. Earnings are an important time for investors, as they can track a company's performance, look at what the analyst is forecasting for next year, and see if there's been a change in sentiment towards the company. So we gathered the latest post-earnings forecasts to see what estimate suggests is in store for next year.

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Taking into account the latest results, the most recent consensus for Itera from lone analyst is for revenues of kr904.2m in 2026. If met, it would imply a reasonable 7.3% increase on its revenue over the past 12 months. Per-share earnings are expected to jump 111% to kr0.66. In the lead-up to this report, the analyst had been modelling revenues of kr886.7m and earnings per share (EPS) of kr0.62 in 2026. The analyst seem to have become more bullish on the business, judging by their new earnings per share estimates.

View our latest analysis for Itera

The consensus price target fell 14% to kr9.00, suggesting the increase in earnings forecasts was not enough to offset other the analyst concerns.

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. It's pretty clear that there is an expectation that Itera's revenue growth will slow down substantially, with revenues to the end of 2026 expected to display 5.8% growth on an annualised basis. This is compared to a historical growth rate of 9.2% over the past five years. By way of comparison, the other companies in this industry with analyst coverage are forecast to grow their revenue at 8.1% per year. So it's pretty clear that, while revenue growth is expected to slow down, the wider industry is also expected to grow faster than Itera.

The Bottom Line

The biggest takeaway for us is the consensus earnings per share upgrade, which suggests a clear improvement in sentiment around Itera's earnings potential next year. On the plus side, there were no major changes to revenue estimates; although forecasts imply they will perform worse than the wider industry. Furthermore, the analyst also cut their price targets, suggesting that the latest news has led to greater pessimism about the intrinsic value of the business.

With that said, the long-term trajectory of the company's earnings is a lot more important than next year. We have analyst estimates for Itera going out as far as 2027, and you can see them free on our platform here.

It is also worth noting that we have found 3 warning signs for Itera that you need to take into consideration.

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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.