Analysts Have Made A Financial Statement On Skandinaviska Enskilda Banken AB (publ)'s (STO:SEB A) First-Quarter Report

The first-quarter results for Skandinaviska Enskilda Banken AB (publ) (STO:SEB A) were released last week, making it a good time to revisit its performance. Results overall were respectable, with statutory earnings of kr3.84 per share roughly in line with what the analysts had forecast. Revenues of kr20b came in 3.9% ahead of analyst predictions. This is an important time for investors, as they can track a company's performance in its report, look at what experts are 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 analysts have changed their mind on Skandinaviska Enskilda Banken after the latest results.

Our free stock report includes 2 warning signs investors should be aware of before investing in Skandinaviska Enskilda Banken. Read for free now.

Taking into account the latest results, the current consensus, from the 13 analysts covering Skandinaviska Enskilda Banken, is for revenues of kr77.2b in 2025. This implies a discernible 3.0% reduction in Skandinaviska Enskilda Banken's revenue over the past 12 months. Statutory earnings per share are forecast to fall 10% to kr15.33 in the same period. In the lead-up to this report, the analysts had been modelling revenues of kr76.5b and earnings per share (EPS) of kr15.19 in 2025. The consensus analysts don't seem to have seen anything in these results that would have changed their view on the business, given there's been no major change to their estimates.

View our latest analysis for Skandinaviska Enskilda Banken

The analysts reconfirmed their price target of kr157, showing that the business is executing well and in line with expectations. Fixating on a single price target can be unwise though, since the consensus target is effectively the average of analyst price targets. As a result, some investors like to look at the range of estimates to see if there are any diverging opinions on the company's valuation. The most optimistic Skandinaviska Enskilda Banken analyst has a price target of kr180 per share, while the most pessimistic values it at kr129. 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.

Another way we can view these estimates is in the context of the bigger picture, such as how the forecasts stack up against past performance, and whether forecasts are more or less bullish relative to other companies in the industry. We would highlight that revenue is expected to reverse, with a forecast 4.0% annualised decline to the end of 2025. That is a notable change from historical growth of 14% over the last five years. By contrast, our data suggests that other companies (with analyst coverage) in the industry are forecast to see their revenue decline 0.2% annually for the foreseeable future. So it's pretty clear that Skandinaviska Enskilda Banken's revenues are expected to shrink faster than the wider industry.

The Bottom Line

The most obvious conclusion is that there's been no major change in the business' prospects in recent times, with the analysts holding their earnings forecasts steady, in line with previous estimates. The consensus also reconfirmed their revenue estimates, suggesting that it is performing in line with expectations. Plus, our data suggests that Skandinaviska Enskilda Banken is expected to perform worse 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.

With that in mind, we wouldn't be too quick to come to a conclusion on Skandinaviska Enskilda Banken. Long-term earnings power is much more important than next year's profits. We have forecasts for Skandinaviska Enskilda Banken going out to 2027, and you can see them free on our platform here.

You should always think about risks though. Case in point, we've spotted 2 warning signs for Skandinaviska Enskilda Banken you should be aware of, and 1 of them is a bit concerning.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.

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.