Beijer Ref AB (publ) (STO:BEIJ B) Just Released Its Annual Results And Analysts Are Updating Their Estimates

Beijer Ref AB (publ) (STO:BEIJ B) last week reported its latest annual results, which makes it a good time for investors to dive in and see if the business is performing in line with expectations. Beijer Ref reported in line with analyst predictions, delivering revenues of kr36b and statutory earnings per share of kr4.39, suggesting the business is executing well and in line with its plan. Earnings are an important time for investors, as they can track a company's performance, look at what the analysts are forecasting for next year, and see if there's been a change in sentiment towards the company. So we collected the latest post-earnings statutory consensus estimates to see what could be in store for next year.

See our latest analysis for Beijer Ref

Following the latest results, Beijer Ref's nine analysts are now forecasting revenues of kr40.1b in 2025. This would be a solid 12% improvement in revenue compared to the last 12 months. Statutory earnings per share are predicted to shoot up 23% to kr5.39. In the lead-up to this report, the analysts had been modelling revenues of kr39.9b and earnings per share (EPS) of kr5.47 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.

There were no changes to revenue or earnings estimates or the price target of kr191, suggesting that the company has met expectations in its recent result. It could also be instructive to look at the range of analyst estimates, to evaluate how different the outlier opinions are from the mean. There are some variant perceptions on Beijer Ref, with the most bullish analyst valuing it at kr205 and the most bearish at kr174 per share. With such a narrow range of valuations, the analysts apparently share similar views on what they think the business is worth.

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. It's pretty clear that there is an expectation that Beijer Ref's revenue growth will slow down substantially, with revenues to the end of 2025 expected to display 12% growth on an annualised basis. This is compared to a historical growth rate of 22% 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 5.1% annually. So it's pretty clear that, while Beijer Ref's revenue growth is expected to slow, it's still expected to grow faster than the industry itself.

The Bottom Line

The most important thing to take away is that there's been no major change in sentiment, with the analysts reconfirming that the business is performing in line with their previous earnings per share estimates. Fortunately, they also reconfirmed their revenue numbers, suggesting that it's tracking in line with expectations. Additionally, our data suggests that revenue is expected to grow faster 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.

Following on from that line of thought, we think that the long-term prospects of the business are much more relevant than next year's earnings. We have forecasts for Beijer Ref going out to 2027, and you can see them free on our platform here.

You can also view our analysis of Beijer Ref's balance sheet, and whether we think Beijer Ref is carrying too much debt, 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.