Earnings Update: AAK AB (publ.) (STO:AAK) Just Reported Its Third-Quarter Results And Analysts Are Updating Their Forecasts

Investors in AAK AB (publ.) (STO:AAK) had a good week, as its shares rose 4.4% to close at kr272 following the release of its third-quarter results. Results were roughly in line with estimates, with revenues of kr11b and statutory earnings per share of kr3.50. 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. We've gathered the most recent statutory forecasts to see whether the analysts have changed their earnings models, following these results.

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After the latest results, the seven analysts covering AAK AB (publ.) are now predicting revenues of kr47.6b in 2026. If met, this would reflect an okay 2.8% improvement in revenue compared to the last 12 months. Per-share earnings are expected to ascend 17% to kr15.33. In the lead-up to this report, the analysts had been modelling revenues of kr47.6b and earnings per share (EPS) of kr15.41 in 2026. 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.

View our latest analysis for AAK AB (publ.)

There were no changes to revenue or earnings estimates or the price target of kr305, suggesting that the company has met expectations in its recent result. 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. The most optimistic AAK AB (publ.) analyst has a price target of kr380 per share, while the most pessimistic values it at kr245. As you can see, analysts are not all in agreement on the stock's future, but the range of estimates is still reasonably narrow, which could suggest that the outcome is not totally unpredictable.

One way to get more context on these forecasts is to look at how they compare to both past performance, and how other companies in the same industry are performing. It's pretty clear that there is an expectation that AAK AB (publ.)'s revenue growth will slow down substantially, with revenues to the end of 2026 expected to display 2.2% growth on an annualised basis. This is compared to a historical growth rate of 9.2% over the past five years. Compare this against other companies (with analyst forecasts) in the industry, which are in aggregate expected to see revenue growth of 3.1% annually. Factoring in the forecast slowdown in growth, it seems obvious that AAK AB (publ.) is also expected to grow slower than other industry participants.

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, the analysts also reconfirmed their revenue estimates, suggesting that it's tracking in line with expectations. Although our data does suggest that AAK AB (publ.)'s revenue is expected to perform worse 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 AAK AB (publ.) going out to 2027, and you can see them free on our platform here.

And what about risks? Every company has them, and we've spotted 1 warning sign for AAK AB (publ.) 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.