SP Group A/S (CPH:SPG) Reported Earnings Last Week And Analysts Are Already Upgrading Their Estimates

It's been a good week for SP Group A/S (CPH:SPG) shareholders, because the company has just released its latest quarterly results, and the shares gained 2.1% to kr.480. SP Group reported kr.984m in revenue, roughly in line with analyst forecasts, although statutory earnings per share (EPS) of kr.8.17 beat expectations, being 3.4% higher than what the analyst expected. Following the result, the analyst has updated their earnings model, and it would be good to know whether they think there's been a strong change in the company's prospects, or if it's business as usual. Readers will be glad to know we've aggregated the latest statutory forecasts to see whether the analyst has changed their mind on SP Group after the latest results.

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Taking into account the latest results, the current consensus from SP Group's lone analyst is for revenues of kr.3.87b in 2026. This would reflect a meaningful 13% increase on its revenue over the past 12 months. Statutory earnings per share are predicted to climb 15% to kr.32.50. Yet prior to the latest earnings, the analyst had been anticipated revenues of kr.3.59b and earnings per share (EPS) of kr.29.90 in 2026. So there seems to have been a moderate uplift in sentiment following the latest results, given the upgrades to both revenue and earnings per share forecasts for next year.

See our latest analysis for SP Group

With these upgrades, we're not surprised to see that the analyst has lifted their price target 22% to kr.535per share.

These estimates are interesting, but it can be useful to paint some more broad strokes when seeing how forecasts compare, both to the SP Group's past performance and to peers in the same industry. The analyst is definitely expecting SP Group's growth to accelerate, with the forecast 27% annualised growth to the end of 2026 ranking favourably alongside historical growth of 5.4% per annum over the past five years. Compare this with other companies in the same industry, which are forecast to grow their revenue 3.4% annually. Factoring in the forecast acceleration in revenue, it's pretty clear that SP Group is expected to grow much faster than its industry.

The Bottom Line

The biggest takeaway for us is the consensus earnings per share upgrade, which suggests a clear improvement in sentiment around SP Group's earnings potential next year. Happily, they also upgraded their revenue estimates, and are forecasting them 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.

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. At least one analyst has provided forecasts out to 2028, which can be seen for free on our platform here.

However, before you get too enthused, we've discovered 1 warning sign for SP Group that you should be aware of.

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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.