Earnings Miss: CombinedX AB (publ) Missed EPS By 13% And Analysts Are Revising Their Forecasts

The analyst might have been a bit too bullish on CombinedX AB (publ) (STO:CX), given that the company fell short of expectations when it released its third-quarter results last week. It wasn't a great result overall - while revenue fell marginally short of analyst estimates at kr200m, statutory earnings missed forecasts by 13%, coming in at just kr0.21 per share. The analyst 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 analyst has changed their earnings models, following these results.

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Taking into account the latest results, the current consensus from CombinedX's solitary analyst is for revenues of kr1.09b in 2026. This would reflect a meaningful 17% increase on its revenue over the past 12 months. Per-share earnings are expected to bounce 73% to kr4.14. Before this earnings report, the analyst had been forecasting revenues of kr1.06b and earnings per share (EPS) of kr4.01 in 2026. It looks like there's been a modest increase in sentiment following the latest results, withthe analyst becoming a bit more optimistic in their predictions for both revenues and earnings.

Check out our latest analysis for CombinedX

As a result, it might be a surprise to see thatthe analyst has cut their price target 8.3% to kr55.00, which could suggest the forecast improvement in performance is not expected to last.

These estimates are interesting, but it can be useful to paint some more broad strokes when seeing how forecasts compare, both to the CombinedX's past performance and to peers in the same industry. We can infer from the latest estimates that forecasts expect a continuation of CombinedX'shistorical trends, as the 13% annualised revenue growth to the end of 2026 is roughly in line with the 14% annual growth over the past five years. By contrast, our data suggests that other companies (with analyst coverage) in a similar industry are forecast to see their revenues grow 6.2% per year. So although CombinedX is expected to maintain its revenue growth rate, it's definitely expected to grow faster than the wider industry.

The Bottom Line

The biggest takeaway for us is the consensus earnings per share upgrade, which suggests a clear improvement in sentiment around CombinedX's earnings potential next year. Pleasantly, they also upgraded their revenue estimates, and their forecasts suggest the business is expected to grow faster than the wider industry. Furthermore, the analyst also cut their price targets, suggesting that the latest news has led to greater pessimism about the intrinsic value of the business.

With that said, the long-term trajectory of the company's earnings is a lot more important than next year. We have analyst estimates for CombinedX going out as far as 2027, and you can see them free on our platform here.

Even so, be aware that CombinedX is showing 2 warning signs in our investment analysis , 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.