The Beijer Ref AB (publ) (STO:BEIJ B) Yearly Results Are Out And Analysts Have Published New Forecasts

Shareholders might have noticed that Beijer Ref AB (publ) (STO:BEIJ B) filed its annual result this time last week. The early response was not positive, with shares down 7.5% to kr133 in the past week. 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.

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After the latest results, the eight analysts covering Beijer Ref are now predicting revenues of kr39.6b in 2025. If met, this would reflect a notable 11% improvement in revenue compared to the last 12 months. Statutory earnings per share are predicted to bounce 21% to kr5.32. Before this earnings report, the analysts had been forecasting revenues of kr40.1b and earnings per share (EPS) of kr5.41 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.

See our latest analysis for Beijer Ref

The analysts reconfirmed their price target of kr187, showing that the business is executing well and in line with expectations. That's not the only conclusion we can draw from this data however, as some investors also like to consider the spread in estimates when evaluating analyst price targets. There are some variant perceptions on Beijer Ref, with the most bullish analyst valuing it at kr205 and the most bearish at kr156 per share. This is a very narrow spread of estimates, implying either that Beijer Ref is an easy company to value, or - more likely - the analysts are relying heavily on some key assumptions.

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 11% 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 7.0% annually. Even after the forecast slowdown in growth, it seems obvious that Beijer Ref is also expected to grow faster than the wider industry.

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.

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

Before you take the next step you should know about the 1 warning sign for Beijer Ref that we have uncovered.

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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.