Here's What Analysts Are Forecasting For Knowit AB (publ) (STO:KNOW) After Its Second-Quarter Results

Shareholders might have noticed that Knowit AB (publ) (STO:KNOW) filed its second-quarter result this time last week. The early response was not positive, with shares down 3.6% to kr288 in the past week. Results were roughly in line with estimates, with revenues of kr1.6b and statutory earnings per share of kr4.71. 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. We thought readers would find it interesting to see the analyst latest (statutory) post-earnings forecasts for next year.

Check out our latest analysis for Knowit

Following the latest results, Knowit's solitary analyst are now forecasting revenues of kr6.61b in 2022. This would be a notable 8.2% improvement in sales compared to the last 12 months. Statutory earnings per share are predicted to rise 7.2% to kr16.77. Yet prior to the latest earnings, the analyst had been anticipated revenues of kr6.53b and earnings per share (EPS) of kr16.72 in 2022. 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.

It will come as no surprise then, to learn that the consensus price target is largely unchanged at kr370.

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 analyst is definitely expecting Knowit's growth to accelerate, with the forecast 17% annualised growth to the end of 2022 ranking favourably alongside historical growth of 14% per annum over the past five years. By contrast, our data suggests that other companies (with analyst coverage) in a similar industry are forecast to grow their revenue at 9.9% per year. It seems obvious that, while the growth outlook is brighter than the recent past, the analyst also expect Knowit to grow faster than the wider industry.

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 sales are tracking in line with expectations - and our data suggests that revenues are expected to grow faster 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 analyst estimates for Knowit going out as far as 2024, and you can see them free on our platform here.

Plus, you should also learn about the 1 warning sign we've spotted with Knowit .

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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.