Bearish: Analysts Just Cut Their Nordic Halibut AS (OB:NOHAL) Revenue and EPS estimates
Market forces rained on the parade of Nordic Halibut AS (OB:NOHAL) shareholders today, when the analysts downgraded their forecasts for this year. Both revenue and earnings per share (EPS) estimates were cut sharply as the analysts factored in the latest outlook for the business, concluding that they were too optimistic previously.
After this downgrade, Nordic Halibut's dual analysts are now forecasting revenues of kr303m in 2026. This would be a huge 101% improvement in sales compared to the last 12 months. Losses are predicted to fall substantially, shrinking 54% to kr0.46 per share. Yet before this consensus update, the analysts had been forecasting revenues of kr344m and losses of kr0.16 per share in 2026. Ergo, there's been a clear change in sentiment, with the analysts administering a notable cut to this year's revenue estimates, while at the same time increasing their loss per share forecasts.
View our latest analysis for Nordic Halibut
Analysts lifted their price target 17% to kr35.00, implicitly signalling that lower earnings per share are not expected to have a longer-term impact on the stock's value.
Taking a look at the bigger picture now, one of the ways we can understand these forecasts is to see how they compare to both past performance and industry growth estimates. The analysts are definitely expecting Nordic Halibut's growth to accelerate, with the forecast 154% annualised growth to the end of 2026 ranking favourably alongside historical growth of 19% 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 8.1% per year. It seems obvious that, while the growth outlook is brighter than the recent past, the analysts also expect Nordic Halibut to grow faster than the wider industry.
The Bottom Line
The most important thing to note from this downgrade is that the consensus increased its forecast losses this year, suggesting all may not be well at Nordic Halibut. While analysts did downgrade their revenue estimates, these forecasts still imply revenues will perform better than the wider market. The rising price target is a puzzle, but still - with a serious cut to this year's outlook, we wouldn't be surprised if investors were a bit wary of Nordic Halibut.
Still, 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.
Another way to search for interesting companies that could be reaching an inflection point is to track whether management are buying or selling, with our free list of growing companies backed by insiders.
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