Earnings Miss: Admicom Oyj Missed EPS By 79% And Analysts Are Revising Their Forecasts
Last week, you might have seen that Admicom Oyj (HEL:ADMCM) released its quarterly result to the market. The early response was not positive, with shares down 3.2% to €26.05 in the past week. It looks like a pretty bad result, all things considered. Although revenues of €9.7m were in line with analyst predictions, statutory earnings fell badly short, missing estimates by 79% to hit €0.04 per share. The analysts typically update their forecasts at each earnings report, and we can judge from their estimates whether their view of the company has changed or if there are any new concerns to be aware of. So we gathered the latest post-earnings forecasts to see what estimates suggest is in store for next year.
Following the latest results, Admicom Oyj's four analysts are now forecasting revenues of €38.9m in 2026. This would be an okay 2.1% improvement in revenue compared to the last 12 months. Per-share earnings are expected to rise 5.5% to €0.96. In the lead-up to this report, the analysts had been modelling revenues of €39.0m and earnings per share (EPS) of €1.09 in 2026. The analysts seem to have become more bearish following the latest results. While there were no changes to revenue forecasts, there was a substantial drop in EPS estimates.
Check out our latest analysis for Admicom Oyj
It might be a surprise to learn that the consensus price target was broadly unchanged at €43.57, with the analysts clearly implying that the forecast decline in earnings is not expected to have much of an impact on valuation. There's another way to think about price targets though, and that's to look at the range of price targets put forward by analysts, because a wide range of estimates could suggest a diverse view on possible outcomes for the business. Currently, the most bullish analyst values Admicom Oyj at €54.70 per share, while the most bearish prices it at €36.00. There are definitely some different views on the stock, but the range of estimates is not wide enough as to imply that the situation is unforecastable, in our view.
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. We would highlight that Admicom Oyj's revenue growth is expected to slow, with the forecast 4.2% annualised growth rate until the end of 2026 being well below the historical 8.8% 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 11% 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 Admicom Oyj.
The Bottom Line
The biggest concern is that the analysts reduced their earnings per share estimates, suggesting business headwinds could lay ahead for Admicom Oyj. Fortunately, the analysts also reconfirmed their revenue estimates, suggesting that it's tracking in line with expectations. Although our data does suggest that Admicom Oyj's revenue is expected to perform worse than the wider industry. The consensus price target held steady at €43.57, with the latest estimates not enough to have an impact on their price targets.
Keeping that in mind, we still think that the longer term trajectory of the business is much more important for investors to consider. We have estimates - from multiple Admicom Oyj analysts - going out to 2028, and you can see them 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 Admicom Oyj that you need to be mindful of.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.