12:15 AM EST, 11/10/2026 (MT Newswires) -- Bernstein revised its earnings forecasts for A.P. Moller - Maersk (MAERSK-A.CO, MAERSK-B.CO) after the Danish shipping group published its third-quarter results. "Maersk's Q3 earnings missed but guidance was raised once again, with demand strength and terminal congestion setting 2026 on course to be the strongest year since Covid. Yet supply expansion is accelerating through both fleet growth (~20% over the next two years) and a return to Bab-el-Mandeb transits. Terminal congestion could yet blunt the impact of fleet growth, but at the cost of a more capital-intensive industry as queues become commonplace. The coming years will reveal whether the industry has fundamentally changed," analysts said Monday. The research firm noted that Maersk's third-quarter EBIT of $3.3 billion fell short of the consensus estimate of $3.7 billion, as lower volumes and higher unit costs weighed on the ocean division despite better-than-expected results in terminals and logistics. Meanwhile, analysts said the company's move to raise its full-year 2026 underlying EBITDA guidance to $14 billion to $14.5 billion from the previous $10.5 billion to $12.5 billion is "strongly implying" sustained rate strength through year-end. Accordingly, the research firm trimmed its 2026 earnings projections, including revenue, underlying EBITDA and EBIT, and underlying EPS, before lifting its assumptions for 2027 to 2030. Bernstein also increased the underperform-rated stock's price target to 17,500 Danish kroner from 16,250 kroner.

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