The analysts might have been a bit too bullish on Komplett ASA (OB:KOMPL), given that the company fell short of expectations when it released its third-quarter results last week. It was a pretty negative result overall, with revenues of kr3.6b missing analyst predictions by 5.9%. Worse, the business reported a statutory loss of kr0.24 per share, much larger than the analysts had forecast prior to the result. 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. Readers will be glad to know we've aggregated the latest statutory forecasts to see whether the analysts have changed their mind on Komplett after the latest results.
Taking into account the latest results, the current consensus from Komplett's four analysts is for revenues of kr16.4b in 2027. This would reflect a credible 6.4% increase on its revenue over the past 12 months. Komplett is also expected to turn profitable, with statutory earnings of kr0.37 per share. Yet prior to the latest earnings, the analysts had been anticipated revenues of kr16.7b and earnings per share (EPS) of kr0.55 in 2027. 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.
Check out our latest analysis for Komplett
It might be a surprise to learn that the consensus price target fell 5.4% to kr8.75, with the analysts clearly linking lower forecast earnings to the performance of the stock price. 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. Currently, the most bullish analyst values Komplett at kr13.00 per share, while the most bearish prices it at kr6.00. Note the wide gap in analyst price targets? This implies to us that there is a fairly broad range of possible scenarios for the underlying business.
One way to get more context on these forecasts is to look at how they compare to both past performance, and how other companies in the same industry are performing. The period to the end of 2027 brings more of the same, according to the analysts, with revenue forecast to display 5.1% growth on an annualised basis. That is in line with its 5.7% annual growth over the past five years. Compare this with the broader industry (in aggregate), which analyst estimates suggest will see revenues grow 6.1% annually. So it's pretty clear that Komplett is expected to grow slower than similar companies in the same industry.
The Bottom Line
The biggest concern is that the analysts reduced their earnings per share estimates, suggesting business headwinds could lay ahead for Komplett. Fortunately, the analysts also reconfirmed their revenue estimates, suggesting that it's tracking in line with expectations. Although our data does suggest that Komplett's revenue is expected to perform worse than the wider industry. Furthermore, the analysts also cut their price targets, suggesting that the latest news has led to greater pessimism about the intrinsic value of the business.
With that said, the long-term trajectory of the company's earnings is a lot more important than next year. We have estimates - from multiple Komplett analysts - going out to 2028, and you can see them free on our platform here.
You can also see whether Komplett is carrying too much debt, and whether its balance sheet is healthy, for free on our platform here.
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