Earnings Release: Here's Why Analysts Cut Their Annehem Fastigheter AB (STO:ANNE B) Price Target To kr20.00

It's been a good week for Annehem Fastigheter AB (STO:ANNE B) shareholders, because the company has just released its latest quarterly results, and the shares gained 4.4% to kr18.94. Revenues came in 2.4% below expectations, at kr85m. Statutory earnings per share were relatively better off, with a per-share profit of kr0.22 being roughly in line with analyst estimates. This is an important time for investors, as they can track a company's performance in its report, look at what expert is forecasting for next year, and see if there has been any change to expectations for the business. Readers will be glad to know we've aggregated the latest statutory forecasts to see whether the analyst has changed their mind on Annehem Fastigheter after the latest results.

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Following the latest results, Annehem Fastigheter's one analyst are now forecasting revenues of kr370.0m in 2026. This would be a decent 9.1% improvement in revenue compared to the last 12 months. Statutory earnings per share are predicted to soar 491% to kr2.05. Before this earnings report, the analyst had been forecasting revenues of kr370.4m and earnings per share (EPS) of kr2.01 in 2026. So it's pretty clear that, although the analyst has updated their estimates, there's been no major change in expectations for the business following the latest results.

See our latest analysis for Annehem Fastigheter

The consensus price target fell 14% to kr20.00, suggesting that the analyst might have been a bit enthusiastic in their previous valuation - or they were expecting the company to provide stronger guidance in the quarterly results.

Of course, another way to look at these forecasts is to place them into context against the industry itself. We would highlight that Annehem Fastigheter's revenue growth is expected to slow, with the forecast 7.3% annualised growth rate until the end of 2026 being well below the historical 13% p.a. growth over the last five years. Juxtapose this against the other companies in the industry with analyst coverage, which are forecast to grow their revenues (in aggregate) 4.9% per year. So it's pretty clear that, while Annehem Fastigheter's revenue growth is expected to slow, it's still expected to grow faster than the industry itself.

The Bottom Line

The most obvious conclusion is that there's been no major change in the business' prospects in recent times, with the analyst holding their earnings forecasts steady, in line with previous estimates. 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. The consensus price target fell measurably, with the analyst seemingly not reassured by the latest results, leading to a lower estimate of Annehem Fastigheter's future valuation.

Keeping that in mind, we still think that the longer term trajectory of the business is much more important for investors to consider. At least one analyst has provided forecasts out to 2027, which can be seen for free on our platform here.

It is also worth noting that we have found 2 warning signs for Annehem Fastigheter (1 makes us a bit uncomfortable!) that you need to take into consideration.

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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.