Bullish: Analysts Just Made A Meaningful Upgrade To Their Scandi Standard AB (publ) (STO:SCST) Forecasts
Scandi Standard AB (publ) (STO:SCST) shareholders will have a reason to smile today, with the analysts making substantial upgrades to next year's statutory forecasts. The consensus statutory numbers for both revenue and earnings per share (EPS) increased, with their view clearly much more bullish on the company's business prospects. The market seems to be pricing in some improvement in the business too, with the stock up 9.2% over the past week, closing at kr178. Could this big upgrade push the stock even higher?
After the upgrade, the dual analysts covering Scandi Standard are now predicting revenues of kr18b in 2027. If met, this would reflect a solid 19% improvement in sales compared to the last 12 months. Per-share earnings are expected to jump 54% to kr9.90. Before this latest update, the analysts had been forecasting revenues of kr16b and earnings per share (EPS) of kr8.21 in 2027. So we can see there's been a pretty clear increase in analyst sentiment in recent times, with both revenues and earnings per share receiving a decent lift in the latest estimates.
Check out our latest analysis for Scandi Standard
With these upgrades, we're not surprised to see that the analysts have lifted their price target 10% to kr158 per share.
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 analysts are definitely expecting Scandi Standard's growth to accelerate, with the forecast 15% annualised growth to the end of 2027 ranking favourably alongside historical growth of 6.7% per annum over the past five years. Compare this with other companies in the same industry, which are forecast to grow their revenue 5.2% annually. Factoring in the forecast acceleration in revenue, it's pretty clear that Scandi Standard is expected to grow much faster than its industry.
The Bottom Line
The biggest takeaway for us from these new estimates is that analysts upgraded their earnings per share estimates, with improved earnings power expected for next year. Fortunately, analysts also upgraded their revenue estimates, and our data indicates sales are expected to perform better than the wider market. With a serious upgrade to expectations and a rising price target, it might be time to take another look at Scandi Standard.
With that said, the long-term trajectory of the company's earnings is a lot more important than next year. We have analyst estimates for Scandi Standard going out as far as 2028, and you can see them free on our platform here.
Another thing to consider is whether management and directors have been buying or selling stock recently. We provide an overview of all open market stock trades for the last twelve months on our platform, here.
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