A week ago, Attendo AB (publ) (STO:ATT) came out with a strong set of quarterly numbers that could potentially lead to a re-rate of the stock. It was overall a positive result, with revenues beating expectations by 2.2% to hit kr4.9b. Attendo reported statutory earnings per share (EPS) kr2.68, which was a notable 17% above what the analysts had forecast. 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. With this in mind, we've gathered the latest statutory forecasts to see what the analysts are expecting for next year.
Following the latest results, Attendo's dual analysts are now forecasting revenues of kr20.3b in 2027. This would be an okay 6.0% improvement in revenue compared to the last 12 months. Statutory per share are forecast to be kr7.14, approximately in line with the last 12 months. In the lead-up to this report, the analysts had been modelling revenues of kr20.1b and earnings per share (EPS) of kr6.99 in 2027. The analysts seems to have become more bullish on the business, judging by their new earnings per share estimates.
See our latest analysis for Attendo
The consensus price target rose 5.6% to kr143, suggesting that higher earnings estimates flow through to the stock's valuation as well.
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 Attendo's revenue growth is expected to slow, with the forecast 4.8% annualised growth rate until the end of 2027 being well below the historical 8.9% 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 8.9% per year. So it's pretty clear that, while revenue growth is expected to slow down, the wider industry is also expected to grow faster than Attendo.
The Bottom Line
The most important thing here is that the analysts upgraded their earnings per share estimates, suggesting that there has been a clear increase in optimism towards Attendo 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. There was also a nice increase in the price target, with the analysts clearly feeling that the intrinsic value of the business is improving.
Keeping that in mind, we still think that the longer term trajectory of the business is much more important for investors to consider. At least one analyst has provided forecasts out to 2028, which can be seen for free on our platform here.
We don't want to rain on the parade too much, but we did also find 1 warning sign for Attendo that you need to be mindful of.
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