Earnings Miss: Jetpak Top Holding AB (publ) Missed EPS By 39% And Analysts Are Revising Their Forecasts

As you might know, Jetpak Top Holding AB (publ) (STO:JETPAK) last week released its latest first-quarter, and things did not turn out so great for shareholders. It wasn't a great result overall - while revenue fell marginally short of analyst estimates at kr304m, statutory earnings missed forecasts by an incredible 39%, coming in at just kr1.15 per share. Earnings are an important time for investors, as they can track a company's performance, look at what the analyst is forecasting for next year, and see if there's been a change in sentiment towards the company. We've gathered the most recent statutory forecasts to see whether the analyst has changed their earnings models, following these results.

Check out our latest analysis for Jetpak Top Holding

After the latest results, the sole analyst covering Jetpak Top Holding are now predicting revenues of kr1.29b in 2024. If met, this would reflect a meaningful 11% improvement in revenue compared to the last 12 months. Per-share earnings are expected to soar 204% to kr7.15. Yet prior to the latest earnings, the analyst had been anticipated revenues of kr1.33b and earnings per share (EPS) of kr8.06 in 2024. From this we can that sentiment has definitely become more bearish after the latest results, leading to lower revenue forecasts and a substantial drop in earnings per share estimates.

The analyst made no major changes to their price target of kr120, suggesting the downgrades are not expected to have a long-term impact on Jetpak Top Holding's valuation.

Of course, another way to look at these forecasts is to place them into context against the industry itself. The analyst is definitely expecting Jetpak Top Holding's growth to accelerate, with the forecast 15% annualised growth to the end of 2024 ranking favourably alongside historical growth of 9.2% per annum over the past five years. Compare this with other companies in the same industry, which are forecast to grow their revenue 2.6% annually. It seems obvious that, while the growth outlook is brighter than the recent past, the analyst also expect Jetpak Top Holding to grow faster than the wider industry.

The Bottom Line

The most important thing to take away is that the analyst downgraded their earnings per share estimates, showing that there has been a clear decline in sentiment following these results. They also downgraded Jetpak Top Holding's revenue estimates, but industry data suggests that it is expected to grow faster than the wider industry. The consensus price target held steady at kr120, with the latest estimates not enough to have an impact on their price target.

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 Jetpak Top Holding going out as far as 2026, and you can see them free on our platform here.

That said, it's still necessary to consider the ever-present spectre of investment risk. We've identified 2 warning signs with Jetpak Top Holding , and understanding them should be part of your investment process.

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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.