Results: Fiskars Oyj Abp Delivered A Surprise Loss And Now Analysts Have New Forecasts
Last week saw the newest quarterly earnings release from Fiskars Oyj Abp (HEL:FSKRS), an important milestone in the company's journey to build a stronger business. Revenues fell 2.5% short of expectations, at €261m. Earnings correspondingly dipped, with Fiskars Oyj Abp reporting a statutory loss of €0.10 per share, whereas the analysts had previously modelled a profit in this period. 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 Fiskars Oyj Abp after the latest results.
Taking into account the latest results, Fiskars Oyj Abp's three analysts currently expect revenues in 2026 to be €1.15b, approximately in line with the last 12 months. Statutory earnings per share are predicted to soar 64% to €0.51. Yet prior to the latest earnings, the analysts had been anticipated revenues of €1.16b and earnings per share (EPS) of €0.60 in 2026. The analysts seem to have become more bearish following the latest results. While there were no changes to revenue forecasts, there was a substantial drop in EPS estimates.
See our latest analysis for Fiskars Oyj Abp
It might be a surprise to learn that the consensus price target was broadly unchanged at €12.33, with the analysts clearly implying that the forecast decline in earnings is not expected to have much of an impact on valuation. Fixating on a single price target can be unwise though, since the consensus target is effectively the average of analyst price targets. As a result, some investors like to look at the range of estimates to see if there are any diverging opinions on the company's valuation. Currently, the most bullish analyst values Fiskars Oyj Abp at €13.00 per share, while the most bearish prices it at €11.50. 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.
Of course, another way to look at these forecasts is to place them into context against the industry itself. For example, we noticed that Fiskars Oyj Abp's rate of growth is expected to accelerate meaningfully, with revenues forecast to exhibit 3.6% growth to the end of 2026 on an annualised basis. That is well above its historical decline of 2.3% a year over the past five years. By contrast, our data suggests that other companies (with analyst coverage) in a similar industry are forecast to see their revenue grow 4.6% per year. Although Fiskars Oyj Abp's revenues are expected to improve, it seems that the analysts are still bearish on the business, forecasting it to grow slower than the broader industry.
The Bottom Line
The biggest concern is that the analysts reduced their earnings per share estimates, suggesting business headwinds could lay ahead for Fiskars Oyj Abp. Fortunately, the analysts also reconfirmed their revenue estimates, suggesting that it's tracking in line with expectations. Although our data does suggest that Fiskars Oyj Abp's revenue is expected to perform worse than the wider industry. The consensus price target held steady at €12.33, with the latest estimates not enough to have an impact on their price targets.
Following on from that line of thought, we think that the long-term prospects of the business are much more relevant than next year's earnings. We have forecasts for Fiskars Oyj Abp going out to 2028, and you can see them free on our platform here.
It is also worth noting that we have found 3 warning signs for Fiskars Oyj Abp (2 are concerning!) that you need to take into consideration.
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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.