Shareholders might have noticed that Kamux Oyj (HEL:KAMUX) filed its second-quarter result this time last week. The early response was not positive, with shares down 4.2% to €1.52 in the past week. Results were overall in line with expectations, with the company breaking even at the statutory earnings per share (EPS) level on €219m in revenue. 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. We've gathered the most recent statutory forecasts to see whether the analysts have changed their earnings models, following these results.
Following last week's earnings report, Kamux Oyj's twin analysts are forecasting 2026 revenues to be €874.2m, approximately in line with the last 12 months. Statutory earnings per share are predicted to soar 283% to €0.03. In the lead-up to this report, the analysts had been modelling revenues of €878.5m and earnings per share (EPS) of €0.05 in 2026. The analysts seem to have become more bearish following the latest results. While there were no changes to revenue forecasts, there was a large cut to EPS estimates.
View our latest analysis for Kamux Oyj
The average price target fell 6.3% to €1.50, with reduced earnings forecasts clearly tied to a lower valuation estimate.
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. One thing stands out from these estimates, which is that Kamux Oyj is forecast to grow faster in the future than it has in the past, with revenues expected to display 2.8% annualised growth until the end of 2026. If achieved, this would be a much better result than the 0.4% annual decline over the past five years. By contrast, our data suggests that other companies (with analyst coverage) in a similar industry are forecast to see their revenue grow 6.0% per year. So although Kamux Oyj's revenue growth is expected to improve, it is still expected to grow slower than the industry.
The Bottom Line
The most important thing to take away is that the analysts downgraded their earnings per share estimates, showing that there has been a clear decline in sentiment following these results. On the plus side, there were no major changes to revenue estimates; although forecasts imply they will perform worse 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 Kamux Oyj's future valuation.
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. At least one analyst has provided forecasts out to 2028, which can be seen for free on our platform here.
Don't forget that there may still be risks. For instance, we've identified 2 warning signs for Kamux Oyj 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.