Bergman & Beving AB (publ) (STO:BERG B) First-Quarter Results: Here's What Analysts Are Forecasting For This Year
Bergman & Beving AB (publ) (STO:BERG B) shareholders are probably feeling a little disappointed, since its shares fell 5.2% to kr282 in the week after its latest quarterly results. It looks like the results were a bit of a negative overall. While revenues of kr1.3b were in line with analyst predictions, statutory earnings were less than expected, missing estimates by 2.3% to hit kr2.10 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 Bergman & Beving after the latest results.
Taking into account the latest results, the current consensus from Bergman & Beving's four analysts is for revenues of kr5.22b in 2027. This would reflect an okay 4.0% increase on its revenue over the past 12 months. Per-share earnings are expected to grow 16% to kr9.91. Yet prior to the latest earnings, the analysts had been anticipated revenues of kr5.18b and earnings per share (EPS) of kr10.84 in 2027. The analysts seem to have become a little more negative on the business after the latest results, given the small dip in their earnings per share numbers for next year.
View our latest analysis for Bergman & Beving
It might be a surprise to learn that the consensus price target was broadly unchanged at kr354, with the analysts clearly implying that the forecast decline in earnings is not expected to have much of an impact on valuation. It could also be instructive to look at the range of analyst estimates, to evaluate how different the outlier opinions are from the mean. There are some variant perceptions on Bergman & Beving, with the most bullish analyst valuing it at kr390 and the most bearish at kr340 per share. The narrow spread of estimates could suggest that the business' future is relatively easy to value, or thatthe analysts have a strong view on its prospects.
Looking at the bigger picture now, one of the ways we can make sense of these forecasts is to see how they measure up against both past performance and industry growth estimates. The analysts are definitely expecting Bergman & Beving's growth to accelerate, with the forecast 5.3% annualised growth to the end of 2027 ranking favourably alongside historical growth of 2.6% per annum over the past five years. By contrast, our data suggests that other companies (with analyst coverage) in a similar industry are forecast to grow their revenue at 6.8% per year. It seems obvious that, while the future growth outlook is brighter than the recent past, Bergman & Beving is expected to grow slower than 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 Bergman & Beving. On the plus side, there were no major changes to revenue estimates; although forecasts imply they will perform worse than the wider industry. There was no real change to the consensus price target, suggesting that the intrinsic value of the business has not undergone any major changes with the latest estimates.
Keeping that in mind, we still think that the longer term trajectory of the business is much more important for investors to consider. At Simply Wall St, we have a full range of analyst estimates for Bergman & Beving going out to 2029, and you can see them free on our platform here..
You still need to take note of risks, for example - Bergman & Beving has 1 warning sign we think you should be aware of.
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
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.