Hemnet Group AB (publ) Just Missed Earnings - But Analysts Have Updated Their Models

Hemnet Group AB (publ) (STO:HEM) just released its latest quarterly report and things are not looking great. Hemnet Group missed earnings this time around, with kr367m revenue coming in 7.5% below what the analysts had modelled. Statutory earnings per share (EPS) of kr1.40 also fell short of expectations by 13%. 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. So we gathered the latest post-earnings forecasts to see what estimates suggest is in store for next year.

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After the latest results, the eleven analysts covering Hemnet Group are now predicting revenues of kr1.95b in 2026. If met, this would reflect a major 26% improvement in revenue compared to the last 12 months. Per-share earnings are expected to soar 37% to kr7.83. Yet prior to the latest earnings, the analysts had been anticipated revenues of kr2.04b and earnings per share (EPS) of kr8.35 in 2026. It's pretty clear that pessimism has reared its head after the latest results, leading to a weaker revenue outlook and a minor downgrade to earnings per share estimates.

View our latest analysis for Hemnet Group

It'll come as no surprise then, to learn that the analysts have cut their price target 7.6% to kr294. 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 Hemnet Group, with the most bullish analyst valuing it at kr400 and the most bearish at kr200 per share. Note the wide gap in analyst price targets? This implies to us that there is a fairly broad range of possible scenarios for the underlying business.

Of course, another way to look at these forecasts is to place them into context against the industry itself. The period to the end of 2026 brings more of the same, according to the analysts, with revenue forecast to display 21% growth on an annualised basis. That is in line with its 21% annual growth over the past five years. Compare this with the broader industry, which analyst estimates (in aggregate) suggest will see revenues grow 12% annually. So although Hemnet Group 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 analysts downgraded their earnings per share estimates, showing that there has been a clear decline in sentiment following these results. They also downgraded Hemnet Group's revenue estimates, but industry data suggests that it 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.

Keeping that in mind, we still think that the longer term trajectory of the business is much more important for investors to consider. We have forecasts for Hemnet Group going out to 2027, and you can see them free on our platform here.

You can also view our analysis of Hemnet Group's balance sheet, and whether we think Hemnet Group is carrying too much debt, for free on our platform 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.