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SEB SA (EPA:SK) Interim Results: Here's What Analysts Are Forecasting For This Year

Simply Wall St · 1d ago

Investors in SEB SA (EPA:SK) had a good week, as its shares rose 5.5% to close at €52.70 following the release of its interim results. Results were roughly in line with estimates, with revenues of €3.7b and statutory earnings per share of €4.45. 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. With this in mind, we've gathered the latest statutory forecasts to see what the analysts are expecting for next year.

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ENXTPA:SK Earnings and Revenue Growth July 25th 2026

Taking into account the latest results, SEB's ten analysts currently expect revenues in 2026 to be €8.28b, approximately in line with the last 12 months. Statutory earnings per share are predicted to soar 38% to €3.02. In the lead-up to this report, the analysts had been modelling revenues of €8.32b and earnings per share (EPS) of €3.64 in 2026. So there's definitely been a decline in sentiment after the latest results, noting the real cut to new EPS forecasts.

View our latest analysis for SEB

It might be a surprise to learn that the consensus price target was broadly unchanged at €73.77, with the analysts clearly implying that the forecast decline in earnings is not expected to have much of an impact on valuation. There's another way to think about price targets though, and that's to look at the range of price targets put forward by analysts, because a wide range of estimates could suggest a diverse view on possible outcomes for the business. The most optimistic SEB analyst has a price target of €99.00 per share, while the most pessimistic values it at €60.00. This shows there is still a bit of diversity in estimates, but analysts don't appear to be totally split on the stock as though it might be a success or failure situation.

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 SEB's growth to accelerate, with the forecast 2.8% annualised growth to the end of 2026 ranking favourably alongside historical growth of 0.9% 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 3.5% per year. So it's clear that despite the acceleration in growth, SEB is expected to grow meaningfully slower than the industry average.

The Bottom Line

The biggest concern is that the analysts reduced their earnings per share estimates, suggesting business headwinds could lay ahead for SEB. On the plus side, there were no major changes to revenue estimates; although forecasts imply they will perform worse than the wider industry. The consensus price target held steady at €73.77, with the latest estimates not enough to have an impact on their price targets.

Keeping that in mind, we still think that the longer term trajectory of the business is much more important for investors to consider. We have forecasts for SEB going out to 2028, and you can see them free on our platform here.

You should always think about risks though. Case in point, we've spotted 2 warning signs for SEB you should be aware of, and 1 of them shouldn't be ignored.