It's been a good week for Lerøy Seafood Group ASA (OB:LSG) shareholders, because the company has just released its latest third-quarter results, and the shares gained 2.1% to kr44.44. It looks like a credible result overall - although revenues of kr8.5b were what the analysts expected, Lerøy Seafood Group surprised by delivering a (statutory) profit of kr0.82 per share, an impressive 161% above what was forecast. 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. With this in mind, we've gathered the latest statutory forecasts to see what the analysts are expecting for next year.
Taking into account the latest results, the current consensus from Lerøy Seafood Group's eight analysts is for revenues of kr36.2b in 2027. This would reflect a meaningful 8.7% increase on its revenue over the past 12 months. In the lead-up to this report, the analysts had been modelling revenues of kr36.7b and earnings per share (EPS) of kr4.03 in 2027. So we can see that while the consensus made no real change to its revenue estimates, it also no longer provides an earnings per share estimate. This suggests that revenues are what the market is focusing on after the latest results.
View our latest analysis for Lerøy Seafood Group
We'd also point out that thatthe analysts have made no major changes to their price target of kr48.88. 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. The most optimistic Lerøy Seafood Group analyst has a price target of kr56.00 per share, while the most pessimistic values it at kr43.00. The narrow spread of estimates could suggest that the business' future is relatively easy to value, or thatthe analysts have a strong view on its prospects.
Looking at the bigger picture now, one of the ways we can make sense of these forecasts is to see how they measure up against both past performance and industry growth estimates. The period to the end of 2027 brings more of the same, according to the analysts, with revenue forecast to display 6.9% growth on an annualised basis. That is in line with its 8.2% annual growth over the past five years. Juxtapose this against our data, which suggests that other companies (with analyst coverage) in the industry are forecast to see their revenues grow 7.8% per year. It's clear that while Lerøy Seafood Group's revenue growth is expected to continue on its current trajectory, it's only expected to grow in line with the industry itself.
The Bottom Line
The clear take away from these updates is that the analysts made no change to their revenue estimates for next year, with the business apparently performing in line with their models. Happily, there were no real changes to revenue forecasts, with the business still expected to grow in line with the overall industry. The consensus price target held steady at kr48.88, with the latest estimates not enough to have an impact on their price targets.
We have estimates for Lerøy Seafood Group from its eight 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 Lerøy Seafood Group you should know about.
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