Shareholders might have noticed that Nordisk Bergteknik AB (publ) (STO:NORB B) filed its quarterly result this time last week. The early response was not positive, with shares down 5.0% to kr10.35 in the past week. Results overall were not great, with earnings of kr0.19 per share falling drastically short of analyst expectations. Meanwhile revenues hit kr985m and were slightly better than forecasts. This is an important time for investors, as they can track a company's performance in its report, look at what experts are forecasting for next year, and see if there has been any change to expectations for the business. Readers will be glad to know we've aggregated the latest statutory forecasts to see whether the analysts have changed their mind on Nordisk Bergteknik after the latest results.
Taking into account the latest results, the current consensus from Nordisk Bergteknik's two analysts is for revenues of kr3.71b in 2026. This would reflect a credible 4.5% increase on its revenue over the past 12 months. Statutory earnings per share are predicted to shoot up 133% to kr1.13. In the lead-up to this report, the analysts had been modelling revenues of kr3.61b and earnings per share (EPS) of kr1.20 in 2026. So it's pretty clear consensus is mixed on Nordisk Bergteknik after the latest results; whilethe analysts lifted revenue numbers, they also administered a minor downgrade to per-share earnings expectations.
See our latest analysis for Nordisk Bergteknik
The analysts also cut Nordisk Bergteknik's price target 7.4% to kr12.50, implying that lower forecast earnings are expected to have a more negative impact than can be offset by the increase in revenue.
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. We can infer from the latest estimates that forecasts expect a continuation of Nordisk Bergteknik'shistorical trends, as the 9.2% annualised revenue growth to the end of 2026 is roughly in line with the 10% annual growth over the past five years. Compare this with the broader industry, which analyst estimates (in aggregate) suggest will see revenues grow 5.3% annually. So although Nordisk Bergteknik is expected to maintain its revenue growth rate, it's definitely expected to grow faster than the wider industry.
The Bottom Line
The biggest concern is that the analysts reduced their earnings per share estimates, suggesting business headwinds could lay ahead for Nordisk Bergteknik. Happily, they also upgraded their revenue estimates, and are forecasting them to grow faster than the wider industry. The consensus price target fell measurably, with the analysts seemingly not reassured by the latest results, leading to a lower estimate of Nordisk Bergteknik's future valuation.
With that said, the long-term trajectory of the company's earnings is a lot more important than next year. We have analyst estimates for Nordisk Bergteknik 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 3 warning signs for Nordisk Bergteknik (1 is significant!) 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.