Earnings Miss: Aspocomp Group Oyj Missed EPS By 40% And Analysts Are Revising Their Forecasts
Investors in Aspocomp Group Oyj (HEL:ACG1V) had a good week, as its shares rose 4.6% to close at €5.46 following the release of its quarterly results. It looks like a pretty bad result, all things considered. Although revenues of €11m were in line with analyst predictions, statutory earnings fell badly short, missing estimates by 40% to hit €0.03 per share. 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. We've gathered the most recent statutory forecasts to see whether the analyst has changed their earnings models, following these results.
Taking into account the latest results, the most recent consensus for Aspocomp Group Oyj from solitary analyst is for revenues of €41.2m in 2026. If met, it would imply a decent 8.2% increase on its revenue over the past 12 months. Statutory earnings per share are predicted to soar 619% to €0.26. Yet prior to the latest earnings, the analyst had been anticipated revenues of €41.1m and earnings per share (EPS) of €0.27 in 2026. The analyst seem to have become a little more negative on the business after the latest results, given the minor downgrade to their earnings per share numbers for next year.
View our latest analysis for Aspocomp Group Oyj
It might be a surprise to learn that the consensus price target was broadly unchanged at €5.20, with the analyst clearly implying that the forecast decline in earnings is not expected to have much of an impact on valuation.
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. The analyst is definitely expecting Aspocomp Group Oyj's growth to accelerate, with the forecast 17% annualised growth to the end of 2026 ranking favourably alongside historical growth of 1.2% 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 7.0% per year. It seems obvious that, while the growth outlook is brighter than the recent past, the analyst also expect Aspocomp Group Oyj to grow faster than the wider industry.
The Bottom Line
The most important thing to take away is that the analyst downgraded their earnings per share estimates, showing that there has been a clear decline in sentiment following these results. Fortunately, they also reconfirmed their revenue numbers, suggesting that it's tracking in line with expectations. Additionally, our data suggests that revenue is expected to grow faster than the wider industry. The consensus price target held steady at €5.20, with the latest estimates not enough to have an impact on their price target.
With that said, the long-term trajectory of the company's earnings is a lot more important than next year. At least one analyst has provided forecasts out to 2028, which can be seen for free on our platform here.
You still need to take note of risks, for example - Aspocomp Group Oyj has 2 warning signs we think 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.