Results: Exsitec Holding AB (publ) Delivered A Surprise Loss And Now Analysts Have New Forecasts
Investors in Exsitec Holding AB (publ) (STO:EXS) had a good week, as its shares rose 7.9% to close at kr116 following the release of its third-quarter results. It was a pretty negative result overall, with revenues of kr231m missing analyst predictions by 4.0%. Worse, the business reported a statutory loss of kr0.99 per share, a substantial decline on analyst expectations of a profit. The analysts typically update their forecasts at each earnings report, and we can judge from their estimates whether their view of the company has changed or if there are any new concerns to be aware of. We thought readers would find it interesting to see the analysts latest (statutory) post-earnings forecasts for next year.
Following the latest results, Exsitec Holding's dual analysts are now forecasting revenues of kr1.19b in 2027. This would be a sizeable 23% improvement in revenue compared to the last 12 months. Statutory earnings per share are predicted to soar 100% to kr9.36. In the lead-up to this report, the analysts had been modelling revenues of kr1.22b and earnings per share (EPS) of kr9.25 in 2027. So it looks like the analysts have become a bit less optimistic after the latest results announcement, with revenues expected to fall even as the company is supposed to maintain EPS.
View our latest analysis for Exsitec Holding
The consensus has reconfirmed its price target of kr170, showing that the analysts don't expect weaker revenue expectations next year to have a material impact on Exsitec Holding's market value.
Another way we can view these estimates is in the context of the bigger picture, such as how the forecasts stack up against past performance, and whether forecasts are more or less bullish relative to other companies in the industry. It's clear from the latest estimates that Exsitec Holding's rate of growth is expected to accelerate meaningfully, with the forecast 18% annualised revenue growth to the end of 2027 noticeably faster than its historical growth of 13% p.a. 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 4.7% per year. It seems obvious that, while the growth outlook is brighter than the recent past, the analysts also expect Exsitec Holding to grow faster than the wider industry.
The Bottom Line
The most important thing to take away is that there's been no major change in sentiment, with the analysts reconfirming that the business is performing in line with their previous earnings per share estimates. Regrettably, they also downgraded their revenue estimates, but the latest forecasts still imply the business will grow faster than the wider industry. Yet - earnings are more important to the intrinsic value of the business. The consensus price target held steady at kr170, with the latest estimates not enough to have an impact on their price targets.
With that in mind, we wouldn't be too quick to come to a conclusion on Exsitec Holding. Long-term earnings power is much more important than next year's profits. At least one analyst has provided forecasts out to 2028, which can be seen for free on our platform here.
Plus, you should also learn about the 1 warning sign we've spotted with Exsitec Holding .
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