Nordisk Bergteknik AB (publ) (STO:NORB B) Just Reported, And Analysts Assigned A kr15.00 Price Target

Nordisk Bergteknik AB (publ) (STO:NORB B) shareholders are probably feeling a little disappointed, since its shares fell 8.5% to kr14.48 in the week after its latest quarterly results. Revenues of kr799m arrived in line with expectations, although statutory losses per share were kr0.01, an impressive 50% smaller than what broker models predicted. 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 gathered the latest post-earnings forecasts to see what estimates suggest is in store for next year.

Check out our latest analysis for Nordisk Bergteknik

Taking into account the latest results, the consensus forecast from Nordisk Bergteknik's dual analysts is for revenues of kr3.61b in 2025. This reflects a decent 8.5% improvement in revenue compared to the last 12 months. Statutory earnings per share are predicted to leap 412% to kr1.63. In the lead-up to this report, the analysts had been modelling revenues of kr3.63b and earnings per share (EPS) of kr1.74 in 2025. So it looks like there's been a small decline in overall sentiment after the recent results - there's been no major change to revenue estimates, but the analysts did make a minor downgrade to their earnings per share forecasts.

It might be a surprise to learn that the consensus price target fell 12% to kr15.00, with the analysts clearly linking lower forecast earnings to the performance of the stock price.

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. It's pretty clear that there is an expectation that Nordisk Bergteknik's revenue growth will slow down substantially, with revenues to the end of 2025 expected to display 6.8% growth on an annualised basis. This is compared to a historical growth rate of 33% over the past five years. Juxtapose this against the other companies in the industry with analyst coverage, which are forecast to grow their revenues (in aggregate) 5.4% per year. Even after the forecast slowdown in growth, it seems obvious that Nordisk Bergteknik is also expected to grow faster than the wider industry.

The Bottom Line

The most important thing to take away is that the analysts downgraded their earnings per share estimates, showing that there has been a clear decline in sentiment following these results. 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. Furthermore, the analysts also cut their price targets, suggesting that the latest news has led to greater pessimism about the intrinsic value of the business.

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 analyst estimates for Nordisk Bergteknik going out as far as 2026, and you can see them free on our platform here.

And what about risks? Every company has them, and we've spotted 4 warning signs for Nordisk Bergteknik (of which 1 is concerning!) you should know about.

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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.