QleanAir AB (publ) Just Missed EPS By 39%: Here's What Analysts Think Will Happen Next
Shareholders might have noticed that QleanAir AB (publ) (STO:QAIR) filed its second-quarter result this time last week. The early response was not positive, with shares down 3.9% to kr18.70 in the past week. Revenue of kr118m surpassed estimates by 4.5%, although statutory earnings per share missed badly, coming in 39% below expectations at kr0.23 per share. Earnings are an important time for investors, as they can track a company's performance, look at what the analyst is forecasting for next year, and see if there's been a change in sentiment towards the company. We thought readers would find it interesting to see the analyst latest (statutory) post-earnings forecasts for next year.
Taking into account the latest results, the most recent consensus for QleanAir from lone analyst is for revenues of kr478.0m in 2026. If met, it would imply a satisfactory 5.7% increase on its revenue over the past 12 months. Statutory earnings per share are expected to shrink 7.1% to kr1.58 in the same period. Yet prior to the latest earnings, the analyst had been anticipated revenues of kr467.7m and earnings per share (EPS) of kr1.87 in 2026. While next year's revenue estimates increased, there was also a real cut to EPS expectations, suggesting the consensus has a bit of a mixed view of these results.
View our latest analysis for QleanAir
The consensus price target was unchanged at kr32.00, suggesting the business is performing roughly in line with expectations, despite some adjustments to profit and revenue forecasts.
These estimates are interesting, but it can be useful to paint some more broad strokes when seeing how forecasts compare, both to the QleanAir's past performance and to peers in the same industry. The analyst is definitely expecting QleanAir's growth to accelerate, with the forecast 12% annualised growth to the end of 2026 ranking favourably alongside historical growth of 0.2% 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 7.5% per year. Factoring in the forecast acceleration in revenue, it's pretty clear that QleanAir is expected to grow much faster than its industry.
The Bottom Line
The most important thing to take away is that the analyst downgraded their earnings per share estimates, showing that there has been a clear decline in sentiment following these results. Pleasantly, they also upgraded their revenue estimates, and their forecasts suggest the business is expected to grow faster than the wider industry. The consensus price target held steady at kr32.00, with the latest estimates not enough to have an impact on their price target.
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 analyst estimates for QleanAir going out as far as 2028, and you can see them free on our platform here.
However, before you get too enthused, we've discovered 2 warning signs for QleanAir 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.