It's been a good week for Beijer Ref AB (publ) (STO:BEIJ B) shareholders, because the company has just released its latest second-quarter results, and the shares gained 2.0% to kr142. Revenues of kr11b were in line with forecasts, although statutory earnings per share (EPS) came in below expectations at kr1.63, missing estimates by 3.4%. Following the result, the analysts have 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. Readers will be glad to know we've aggregated the latest statutory forecasts to see whether the analysts have changed their mind on Beijer Ref after the latest results.
Following the latest results, Beijer Ref's eight analysts are now forecasting revenues of kr39.4b in 2026. This would be a credible 5.6% improvement in revenue compared to the last 12 months. Statutory earnings per share are predicted to expand 13% to kr5.28. In the lead-up to this report, the analysts had been modelling revenues of kr39.1b and earnings per share (EPS) of kr5.30 in 2026. So it's pretty clear that, although the analysts have updated their estimates, there's been no major change in expectations for the business following the latest results.
Check out our latest analysis for Beijer Ref
There were no changes to revenue or earnings estimates or the price target of kr164, suggesting that the company has met expectations in its recent result. The consensus price target is just an average of individual analyst targets, so - it could be handy to see how wide the range of underlying estimates is. The most optimistic Beijer Ref analyst has a price target of kr180 per share, while the most pessimistic values it at kr120. There are definitely some different views on the stock, but the range of estimates is not wide enough as to imply that the situation is unforecastable, in our view.
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. We would highlight that Beijer Ref's revenue growth is expected to slow, with the forecast 12% annualised growth rate until the end of 2026 being well below the historical 18% p.a. growth over the last five years. By way of comparison, the other companies in this industry with analyst coverage are forecast to grow their revenue at 6.8% annually. So it's pretty clear that, while Beijer Ref's revenue growth is expected to slow, it's still expected to grow faster than the industry itself.
The Bottom Line
The most obvious conclusion is that there's been no major change in the business' prospects in recent times, with the analysts holding their earnings forecasts steady, in line with previous estimates. Fortunately, they also reconfirmed their revenue numbers, suggesting that it's tracking in line with expectations. Additionally, our data suggests that revenue is expected to grow faster than the wider industry. The consensus price target held steady at kr164, 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. At Simply Wall St, we have a full range of analyst estimates for Beijer Ref going out to 2028, and you can see them free on our platform here..
You can also view our analysis of Beijer Ref's balance sheet, and whether we think Beijer Ref is carrying too much debt, for free on our platform here.
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
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.