Shareholders might have noticed that Solstad Maritime ASA (OB:SOMA) filed its third-quarter result this time last week. The early response was not positive, with shares down 2.7% to kr27.20 in the past week. Revenues were US$192m, and Solstad Maritime came in a solid 14% ahead of expectations. 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 Solstad Maritime after the latest results.
Following the recent earnings report, the consensus from four analysts covering Solstad Maritime is for revenues of US$658.2m in 2027. This implies a noticeable 4.9% decline in revenue compared to the last 12 months. In the lead-up to this report, the analysts had been modelling revenues of US$658.4m and earnings per share (EPS) of US$0.47 in 2027. Overall, while the analysts have reconfirmed their revenue estimates, the consensus now no longer provides an EPS estimate. This implies that the market believes revenue is more important after these latest results.
Check out our latest analysis for Solstad Maritime
There's been no real change to the consensus price target of kr30.67, with Solstad Maritime seemingly executing in line with expectations. That's not the only conclusion we can draw from this data however, as some investors also like to consider the spread in estimates when evaluating analyst price targets. There are some variant perceptions on Solstad Maritime, with the most bullish analyst valuing it at kr32.00 and the most bearish at kr30.00 per share. Still, with such a tight range of estimates, it suggeststhe analysts have a pretty good idea of what they think the company is worth.
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. We would highlight that revenue is expected to reverse, with a forecast 3.9% annualised decline to the end of 2027. That is a notable change from historical growth of 9.1% over the last five years. Compare this with our data, which suggests that other companies in the same industry are, in aggregate, expected to see their revenue grow 0.4% per year. It's pretty clear that Solstad Maritime's revenues are expected to perform substantially worse than the wider industry.
The Bottom Line
The most important thing to take away is that the analysts reconfirmed their revenue estimates for next year, suggesting that the business is performing in line with expectations. On the plus side, there were no major changes to revenue estimates; although forecasts imply they will perform worse 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 Solstad Maritime from its four analysts out to 2028, and you can see them free on our platform here.
And what about risks? Every company has them, and we've spotted 2 warning signs for Solstad Maritime (of which 1 is a bit unpleasant!) you should know about.
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