Invisio AB (publ) (STO:IVSO) Annual Results Just Came Out: Here's What Analysts Are Forecasting For This Year

Shareholders might have noticed that Invisio AB (publ) (STO:IVSO) filed its annual result this time last week. The early response was not positive, with shares down 4.9% to kr203 in the past week. Results were roughly in line with estimates, with revenues of kr1.2b and statutory earnings per share of kr3.91. The analysts typically update their forecasts at each earnings report, and we can judge from their estimates whether their view of the company has changed or if there are any new concerns to be aware of. Readers will be glad to know we've aggregated the latest statutory forecasts to see whether the analysts have changed their mind on Invisio after the latest results.

View our latest analysis for Invisio

Taking into account the latest results, the consensus forecast from Invisio's three analysts is for revenues of kr1.41b in 2024. This reflects a notable 14% improvement in revenue compared to the last 12 months. Per-share earnings are expected to soar 25% to kr4.95. Yet prior to the latest earnings, the analysts had been anticipated revenues of kr1.40b and earnings per share (EPS) of kr4.97 in 2024. 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.

The analysts reconfirmed their price target of kr243, showing that the business is executing well and in line with expectations. 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 Invisio, with the most bullish analyst valuing it at kr250 and the most bearish at kr235 per share. Even so, with a relatively close grouping of estimates, it looks like the analysts are quite confident in their valuations, suggesting Invisio is an easy business to forecast or the the analysts are all using similar assumptions.

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 Invisio's revenue growth is expected to slow, with the forecast 14% annualised growth rate until the end of 2024 being well below the historical 23% p.a. growth over the last five years. Compare this to the 9 other companies in this industry with analyst coverage, which are forecast to grow their revenue at 13% per year. Factoring in the forecast slowdown in growth, it looks like Invisio is forecast to grow at about the same rate as 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. Happily, there were no real changes to revenue forecasts, with the business still expected to grow in line with the overall industry. The consensus price target held steady at kr243, with the latest estimates not enough to have an impact on their price targets.

With that said, the long-term trajectory of the company's earnings is a lot more important than next year. At Simply Wall St, we have a full range of analyst estimates for Invisio going out to 2026, and you can see them free on our platform here..

You can also see our analysis of Invisio'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.