Results: Byggmax Group AB (publ) Exceeded Expectations And The Consensus Has Updated Its Estimates
Investors in Byggmax Group AB (publ) (STO:BMAX) had a good week, as its shares rose 4.3% to close at kr52.00 following the release of its quarterly results. Byggmax Group reported kr2.3b in revenue, roughly in line with analyst forecasts, although statutory earnings per share (EPS) of kr3.41 beat expectations, being 6.7% higher than what the analysts expected. Earnings are an important time for investors, as they can track a company's performance, look at what the analysts are forecasting for next year, and see if there's been a change in sentiment towards the company. We thought readers would find it interesting to see the analysts latest (statutory) post-earnings forecasts for next year.
Following last week's earnings report, Byggmax Group's twin analysts are forecasting 2026 revenues to be kr6.26b, approximately in line with the last 12 months. Statutory earnings per share are predicted to increase 9.5% to kr4.35. Before this earnings report, the analysts had been forecasting revenues of kr6.27b and earnings per share (EPS) of kr4.23 in 2026. The analysts seems to have become more bullish on the business, judging by their new earnings per share estimates.
View our latest analysis for Byggmax Group
There's been no major changes to the consensus price target of kr55.50, suggesting that the improved earnings per share outlook is not enough to have a long-term positive impact on the stock's valuation.
Another way we can view these estimates is in the context of the bigger picture, such as how the forecasts stack up against past performance, and whether forecasts are more or less bullish relative to other companies in the industry. For example, we noticed that Byggmax Group's rate of growth is expected to accelerate meaningfully, with revenues forecast to exhibit 3.1% growth to the end of 2026 on an annualised basis. That is well above its historical decline of 5.7% a year over the past five years. Compare this against analyst estimates for the broader industry, which suggest that (in aggregate) industry revenues are expected to grow 3.8% annually for the foreseeable future. Although Byggmax Group's revenues are expected to improve, it seems that the analysts are still bearish on the business, forecasting it to grow slower than the broader industry.
The Bottom Line
The biggest takeaway for us is the consensus earnings per share upgrade, which suggests a clear improvement in sentiment around Byggmax Group's earnings potential next year. On the plus side, there were no major changes to revenue estimates; although forecasts imply they will perform worse than the wider industry. The consensus price target held steady at kr55.50, with the latest estimates not enough to have an impact on their price targets.
With that said, the long-term trajectory of the company's earnings is a lot more important than next year. At least one analyst has provided forecasts out to 2028, which can be seen for free on our platform here.
Plus, you should also learn about the 1 warning sign we've spotted with Byggmax Group .
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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.