Sparebank 68° Nord Beat Analyst Estimates: See What The Consensus Is Forecasting For This Year
Sparebank 68° Nord (OB:SB68) defied analyst predictions to release its quarterly results, which were ahead of market expectations. It was overall a positive result, with revenues beating expectations by 4.1% to hit kr87m. Sparebank 68° Nord also reported a statutory profit of kr5.48, which was an impressive 55% above what the analyst had forecast. 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. So we collected the latest post-earnings statutory consensus estimate to see what could be in store for next year.
Following the recent earnings report, the consensus from single analyst covering Sparebank 68° Nord is for revenues of kr351.3m in 2026. This implies a definite 9.3% decline in revenue compared to the last 12 months. Before this earnings report, the analyst had been forecasting revenues of kr378.3m and earnings per share (EPS) of kr13.80 in 2026. So we can see that while the consensus made a small dip in revenue estimates, it no longer provides an earnings per share estimate. This suggests that the market is now more focused on revenue after the latest result.
Check out our latest analysis for Sparebank 68° Nord
There's been no real change to the consensus price target of kr221, with Sparebank 68° Nord seemingly executing in line with expectations.
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. These estimates imply that revenue is expected to slow, with a forecast annualised decline of 18% by the end of 2026. This indicates a significant reduction from annual growth of 7.9% over the last five years. By contrast, our data suggests that other companies (with analyst coverage) in the same industry are forecast to see their revenue grow 3.3% annually for the foreseeable future. So although its revenues are forecast to shrink, this cloud does not come with a silver lining - Sparebank 68° Nord is expected to lag the wider industry.
The Bottom Line
The most important thing to take away is that the analyst downgraded their revenue estimates for next year. Unfortunately, they also downgraded their revenue estimates, and our data indicates it is expected to perform worse than the wider industry. There was no real change to the consensus price target, suggesting that the intrinsic value of the business has not undergone any major changes with the latest estimates.
One Sparebank 68° Nord broker/analyst has provided estimates out to 2028, which can be seen for free on our platform here.
Don't forget that there may still be risks. For instance, we've identified 1 warning sign for Sparebank 68° Nord that 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.