Earnings Miss: Nordisk Bergteknik AB (publ) Missed EPS By 70% And Analysts Are Revising Their Forecasts

Nordisk Bergteknik AB (publ) (STO:NORB B) just released its latest third-quarter report and things are not looking great. It wasn't a great result overall - while revenue fell marginally short of analyst estimates at kr838m, statutory earnings missed forecasts by an incredible 70%, coming in at just kr0.06 per share. Earnings are an important time for investors, as they can track a company's performance, look at what the analysts are forecasting for next year, and see if there's been a change in sentiment towards the company. Readers will be glad to know we've aggregated the latest statutory forecasts to see whether the analysts have changed their mind on Nordisk Bergteknik after the latest results.

Trump has pledged to "unleash" American oil and gas and these 15 US stocks have developments that are poised to benefit.

Following the latest results, Nordisk Bergteknik's two analysts are now forecasting revenues of kr3.76b in 2027. This would be an okay 5.3% improvement in revenue compared to the last 12 months. Statutory earnings per share are predicted to jump 333% to kr1.58. Before this earnings report, the analysts had been forecasting revenues of kr3.79b and earnings per share (EPS) of kr1.69 in 2027. So it looks like there's been a small decline in overall sentiment after the recent results - there's been no major change to revenue estimates, but the analysts did make a small dip in their earnings per share forecasts.

Check out our latest analysis for Nordisk Bergteknik

The average price target fell 17% to kr11.25, with reduced earnings forecasts clearly tied to a lower valuation estimate.

These estimates are interesting, but it can be useful to paint some more broad strokes when seeing how forecasts compare, both to the Nordisk Bergteknik's past performance and to peers in the same industry. We would highlight that Nordisk Bergteknik's revenue growth is expected to slow, with the forecast 4.2% annualised growth rate until the end of 2027 being well below the historical 7.9% p.a. growth over the last five years. Juxtapose this against the other companies in the industry with analyst coverage, which are forecast to grow their revenues (in aggregate) 4.4% annually. Factoring in the forecast slowdown in growth, it looks like Nordisk Bergteknik is forecast to grow at about the same rate as the wider industry.

The Bottom Line

The biggest concern is that the analysts reduced their earnings per share estimates, suggesting business headwinds could lay ahead for Nordisk Bergteknik. They also reconfirmed their revenue estimates, with the company predicted to grow at about the same rate as the wider industry. Furthermore, the analysts also cut their price targets, suggesting that the latest news has led to greater pessimism about the intrinsic value of the business.

With that in mind, we wouldn't be too quick to come to a conclusion on Nordisk Bergteknik. Long-term earnings power is much more important than next year's profits. At least one analyst has provided forecasts out to 2028, which can be seen for free on our platform here.

We don't want to rain on the parade too much, but we did also find 3 warning signs for Nordisk Bergteknik (1 is a bit unpleasant!) that you need to be mindful of.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.