Results: Jetpak Top Holding AB (publ) Exceeded Expectations And The Consensus Has Updated Its Estimates

Jetpak Top Holding AB (publ) (STO:JETPAK) just released its latest third-quarter results and things are looking bullish. It was overall a positive result, with revenues beating expectations by 4.5% to hit kr218m. Jetpak Top Holding also reported a statutory profit of kr1.26, which was an impressive 100% above what the analyst had forecast. 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. So we collected the latest post-earnings statutory consensus estimate to see what could be in store for next year.

View our latest analysis for Jetpak Top Holding

Taking into account the latest results, the consensus forecast from Jetpak Top Holding's one analyst is for revenues of kr984.0m in 2021, which would reflect a decent 12% improvement in sales compared to the last 12 months. Per-share earnings are expected to jump 61% to kr6.23. In the lead-up to this report, the analyst had been modelling revenues of kr971.0m and earnings per share (EPS) of kr5.47 in 2021. Although the revenue estimates have not really changed, we can see there's been a solid gain to earnings per share expectations, suggesting that the analyst has become more bullish after the latest result.

The consensus price target rose 13% to kr85.00, suggesting that higher earnings estimates flow through to the stock's valuation as well.

One way to get more context on these forecasts is to look at how they compare to both past performance, and how other companies in the same industry are performing. It's clear from the latest estimates that Jetpak Top Holding's rate of growth is expected to accelerate meaningfully, with the forecast 12% revenue growth noticeably faster than its historical growth of 4.6%p.a. over the past three years. By contrast, our data suggests that other companies (with analyst coverage) in a similar industry are forecast to grow their revenue at 2.2% per year. Factoring in the forecast acceleration in revenue, it's pretty clear that Jetpak Top Holding is expected to grow much faster than its industry.

The Bottom Line

The most important thing here is that the analyst upgraded their earnings per share estimates, suggesting that there has been a clear increase in optimism towards Jetpak Top Holding following these results. Happily, there were no major changes to revenue forecasts, with the business still expected to grow faster than the wider industry. There was also a nice increase in the price target, with the analyst clearly feeling that the intrinsic value of the business is improving.

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 2022, which can be seen for free on our platform here.

Even so, be aware that Jetpak Top Holding is showing 1 warning sign in our investment analysis , you should know about...

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