Toivo Group Oyj (HEL:TOIVO) came out with its second-quarter results last week, and we wanted to see how the business is performing and what industry forecasts think of the company following this report. It was a mildly positive result, with revenues exceeding expectations at €25m, while statutory earnings per share (EPS) of €0.07 were in line with analyst forecasts. 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 gathered the latest post-earnings forecasts to see what estimate suggests is in store for next year.
Taking into account the latest results, the consensus forecast from Toivo Group Oyj's one analyst is for revenues of €81.2m in 2026. This reflects a reasonable 7.9% improvement in revenue compared to the last 12 months. Yet prior to the latest earnings, the analyst had been anticipated revenues of €74.4m and earnings per share (EPS) of €0.16 in 2026. What's really interesting is that while the consensus made a small increase to revenue estimates, it no longer provides an earnings per share estimate. This suggests that revenues are now the focus of the business after this latest result.
See our latest analysis for Toivo Group Oyj
There's been no real change to the consensus price target of €1.15, with Toivo Group Oyj seemingly executing in line with expectations.
Taking a look at the bigger picture now, one of the ways we can understand these forecasts is to see how they compare to both past performance and industry growth estimates. We would highlight that Toivo Group Oyj's revenue growth is expected to slow, with the forecast 16% annualised growth rate until the end of 2026 being well below the historical 31% 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 5.2% annually. Even after the forecast slowdown in growth, it seems obvious that Toivo Group Oyj is also expected to grow faster than the wider industry.
The Bottom Line
The highlight for us was that the analyst increased their revenue forecasts for Toivo Group Oyj next year. Happily, they also upgraded their revenue estimates, and are forecasting them to grow faster 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.
We have estimates for Toivo Group Oyj from one covering analyst, and you can see them free on our platform here.
Don't forget that there may still be risks. For instance, we've identified 3 warning signs for Toivo Group Oyj (1 doesn't sit too well with us) you should be aware of.
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.