Broker Revenue Forecasts For Elmera Group ASA (OB:ELMRA) Are Surging Higher

Elmera Group ASA (OB:ELMRA) shareholders will have a reason to smile today, with the analysts making substantial upgrades to next year's forecasts. The analysts have sharply increased their revenue numbers, with a view that Elmera Group will make substantially more sales than they'd previously expected.

Following the latest upgrade, the current consensus, from the three analysts covering Elmera Group, is for revenues of kr11b in 2025, which would reflect a chunky 20% reduction in Elmera Group's sales over the past 12 months. Statutory earnings per share are presumed to bounce 23% to kr2.67. Prior to this update, the analysts had been forecasting revenues of kr9.5b and earnings per share (EPS) of kr2.69 in 2025. There's clearly been a surge in bullishness around the company's sales pipeline, even if there's no real change in earnings per share forecasts.

See our latest analysis for Elmera Group

Even though revenue forecasts increased, there was no change to the consensus price target of kr34.75, suggesting the analysts are focused on earnings as the driver of value creation.

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. We would highlight that sales are expected to reverse, with a forecast 16% annualised revenue decline to the end of 2025. That is a notable change from historical growth of 25% over the last five years. By contrast, our data suggests that other companies (with analyst coverage) in the same industry are forecast to see their revenue grow 2.7% annually for the foreseeable future. So although its revenues are forecast to shrink, this cloud does not come with a silver lining - Elmera Group is expected to lag the wider industry.

The Bottom Line

The most obvious conclusion from this consensus update is that there's been no major change in the business' prospects in recent times, with analysts holding earnings per share steady, in line with previous estimates. Pleasantly, analysts also upgraded their revenue estimates, and their forecasts suggest the business is expected to grow slower than the wider market. Seeing the dramatic upgrade to next year's forecasts, it might be time to take another look at Elmera Group.

Still, the long-term prospects of the business are much more relevant than next year's earnings. At Simply Wall St, we have a full range of analyst estimates for Elmera Group going out to 2026, and you can see them free on our platform here..

You can also see our analysis of Elmera Group's Board and CEO remuneration and experience, and whether company insiders have been buying stock.

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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.