Results: Wihlborgs Fastigheter AB (publ) Beat Earnings Expectations And Analysts Now Have New Forecasts

Wihlborgs Fastigheter AB (publ) (STO:WIHL) investors will be delighted, with the company turning in some strong numbers with its latest results. The company beat expectations with revenues of kr1.0b arriving 7.0% ahead of forecasts. Statutory earnings per share (EPS) were kr1.13, 9.7% ahead of estimates. This is an important time for investors, as they can track a company's performance in its report, look at what experts are forecasting for next year, and see if there has been any change to expectations for the business. 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 Wihlborgs Fastigheter

Following the latest results, Wihlborgs Fastigheter's five analysts are now forecasting revenues of kr4.15b in 2024. This would be a reasonable 4.0% improvement in revenue compared to the last 12 months. Per-share earnings are expected to surge 2,443% to kr5.46. In the lead-up to this report, the analysts had been modelling revenues of kr4.08b and earnings per share (EPS) of kr5.32 in 2024. The analysts seems to have become more bullish on the business, judging by their new earnings per share estimates.

There's been no major changes to the consensus price target of kr95.50, suggesting that the improved earnings per share outlook is not enough to have a long-term positive impact on the stock's valuation. There's another way to think about price targets though, and that's to look at the range of price targets put forward by analysts, because a wide range of estimates could suggest a diverse view on possible outcomes for the business. There are some variant perceptions on Wihlborgs Fastigheter, with the most bullish analyst valuing it at kr105 and the most bearish at kr82.00 per share. Still, with such a tight range of estimates, it suggeststhe analysts have a pretty good idea of what they think the company is worth.

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. The period to the end of 2024 brings more of the same, according to the analysts, with revenue forecast to display 5.4% growth on an annualised basis. That is in line with its 6.3% annual growth over the past five years. Juxtapose this against our data, which suggests that other companies (with analyst coverage) in the industry are forecast to see their revenues grow 5.4% per year. It's clear that while Wihlborgs Fastigheter's revenue growth is expected to continue on its current trajectory, it's only expected to grow in line with the industry itself.

The Bottom Line

The biggest takeaway for us is the consensus earnings per share upgrade, which suggests a clear improvement in sentiment around Wihlborgs Fastigheter's earnings potential next year. They also reconfirmed their revenue estimates, with the company predicted to grow at about the same rate as the wider industry. The consensus price target held steady at kr95.50, with the latest estimates not enough to have an impact on their price targets.

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 estimates - from multiple Wihlborgs Fastigheter analysts - going out to 2026, and you can see them free on our platform here.

Even so, be aware that Wihlborgs Fastigheter is showing 4 warning signs in our investment analysis , and 1 of those doesn't sit too well with us...

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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.