Earnings Miss: Nordrest Holding AB (publ) Missed EPS By 7.7% And Analysts Are Revising Their Forecasts

It's been a good week for Nordrest Holding AB (publ) (STO:NREST) shareholders, because the company has just released its latest third-quarter results, and the shares gained 7.4% to kr238. Nordrest Holding beat revenue expectations by 5.6%, at kr578m. Statutory earnings per share (EPS) came in at kr2.24, some 7.7% short of analyst estimates. Earnings are an important time for investors, as they can track a company's performance, look at what the analyst is forecasting for next year, and see if there's been a change in sentiment towards the company. Readers will be glad to know we've aggregated the latest statutory forecasts to see whether the analyst has changed their mind on Nordrest Holding after the latest results.

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Taking into account the latest results, the consensus forecast from Nordrest Holding's sole analyst is for revenues of kr2.74b in 2026. This reflects a notable 19% improvement in revenue compared to the last 12 months. In the lead-up to this report, the analyst had been modelling revenues of kr2.71b and earnings per share (EPS) of kr14.30 in 2026. So we can see that while the consensus made no real change to its revenue estimates, it also no longer provides an earnings per share estimate. This suggests that revenues are what the market is focusing on after the latest results.

See our latest analysis for Nordrest Holding

The average price target rose 53% to kr275, with the analyst clearly having become more optimistic about Nordrest Holding'sprospects following these results.

Looking at the bigger picture now, one of the ways we can make sense of these forecasts is to see how they measure up against both past performance and industry growth estimates. We can infer from the latest estimates that forecasts expect a continuation of Nordrest Holding'shistorical trends, as the 15% annualised revenue growth to the end of 2026 is roughly in line with the 17% annual growth over the past three years. By contrast, our data suggests that other companies (with analyst coverage) in a similar industry are forecast to see their revenues grow 6.3% per year. So although Nordrest Holding is expected to maintain its revenue growth rate, it's definitely expected to grow faster than the wider industry.

The Bottom Line

The most important thing to take away is that the analyst reconfirmed their revenue estimates for next year, suggesting that the business is performing in line with expectations. Happily, there were no major changes to revenue forecasts, with the business still expected to grow faster than the wider industry. We note an upgrade to the price target, suggesting that the analyst believes the intrinsic value of the business is likely to improve over time.

We have estimates for Nordrest Holding from one covering analyst, and you can see them free on our platform here.

We also provide an overview of the Nordrest Holding Board and CEO remuneration and length of tenure at the company, and whether insiders have been buying the stock, 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.