Rainbows and Unicorns: Truecaller AB (publ) (STO:TRUE B) Analysts Just Became A Lot More Optimistic

Truecaller AB (publ) (STO:TRUE B) shareholders will have a reason to smile today, with the analysts making substantial upgrades to this year's forecasts. The consensus statutory numbers for both revenue and earnings per share (EPS) increased, with their view clearly much more bullish on the company's business prospects. The stock price has risen 9.1% to kr18.28 over the past week, suggesting investors are becoming more optimistic. Could this big upgrade push the stock even higher?

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After this upgrade, Truecaller's six analysts are now forecasting revenues of kr1.8b in 2026. This would be a modest 6.0% improvement in sales compared to the last 12 months. Statutory earnings per share are forecast to be kr0.79, approximately in line with the last 12 months. Previously, the analysts had been modelling revenues of kr1.6b and earnings per share (EPS) of kr0.72 in 2026. There has definitely been an improvement in perception recently, with the analysts substantially increasing both their earnings and revenue estimates.

View our latest analysis for Truecaller

These estimates are interesting, but it can be useful to paint some more broad strokes when seeing how forecasts compare, both to the Truecaller's past performance and to peers in the same industry. The analysts are definitely expecting Truecaller's growth to accelerate, with the forecast 12% annualised growth to the end of 2026 ranking favourably alongside historical growth of 10% per annum over the past five years. Compare this with other companies in the same industry, which are forecast to grow their revenue 7.6% annually. Factoring in the forecast acceleration in revenue, it's pretty clear that Truecaller is expected to grow much faster than its industry.

The Bottom Line

The biggest takeaway for us from these new estimates is that analysts upgraded their earnings per share estimates, with improved earnings power expected for this year. They also upgraded their revenue estimates for this year, and sales are expected to grow faster than the wider market. More bullish expectations could be a signal for investors to take a closer look at Truecaller.

With that said, the long-term trajectory of the company's earnings is a lot more important than next year. At Simply Wall St, we have a full range of analyst estimates for Truecaller going out to 2028, and you can see them free on our platform here..

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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.