Yahoo Finance Evli Pankki Oyj Reported Earnings Last Week And Analysts Are Already Upgrading Their Estimates
Evli Pankki Oyj (HEL:EVLI) investors will be delighted, with the company turning in some strong numbers with its latest results. The company beat expectations with revenues of €76m arriving 2.6% ahead of forecasts. Statutory earnings per share (EPS) were €0.71, 4.4% ahead of estimates. This is an important time for investors, as they can track a company's performance in its report, look at what top analysts are forecasting for next year, and see if there has been any change to expectations for the business. We've gathered the most recent statutory forecasts to see whether analysts have changed their earnings models, following these results.
Check out our latest analysis for Evli Pankki Oyj
After the latest results, the sole analyst covering Evli Pankki Oyj are now predicting revenues of €82.8m in 2020. If met, this would reflect a decent 9.4% improvement in sales compared to the last 12 months. Statutory earnings per share are expected to jump 27% to €0.90. Before this earnings report, analysts had been forecasting revenues of €78.2m and earnings per share (EPS) of €0.81 in 2020. So it seems there's been a definite increase in optimism about Evli Pankki Oyj's future following the latest results, with a nice gain to the earnings per share forecasts in particular.
It will come as no surprise to learn that analysts have increased their price target for Evli Pankki Oyj 19% to €12.50 on the back of these upgrades.
It can be useful to take a broader overview by seeing how analyst forecasts compare, both to the Evli Pankki Oyj's past performance and to peers in the same market. It's clear from the latest estimates that Evli Pankki Oyj's rate of growth is expected to accelerate meaningfully, with forecast 9.4% revenue growth noticeably faster than its historical growth of 4.0%p.a. over the past five years. By contrast, our data suggests that other companies (with analyst coverage) in a similar industry are forecast to grow their revenue at 4.2% per year. It seems obvious that, while the growth outlook is brighter than the recent past, analysts also expect Evli Pankki Oyj to grow faster than the wider market.
The Bottom Line
The biggest takeaway for us from these new estimates is that the consensus upgraded its earnings per share estimates, showing a clear improvement in sentiment around Evli Pankki Oyj's earnings potential next year. Pleasantly, analysts also upgraded their revenue estimates, and their forecasts suggest the business is expected to grow faster than the wider market. There was also a nice increase in the price target, with analysts feeling that the intrinsic value of the business is improving.
With that in mind, we wouldn't be too quick to come to a conclusion on Evli Pankki Oyj. Long-term earnings power is much more important than next year's profits. We have analyst estimates for Evli Pankki Oyj going out as far as 2023, and you can see them free on our platform here.
You can also view our analysis of Evli Pankki Oyj's balance sheet, and whether we think Evli Pankki Oyj is carrying too much debt, for free on our platform here.
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