Norbit ASA (OB:NORBT) Second-Quarter Results: Here's What Analysts Are Forecasting For This Year
Investors in Norbit ASA (OB:NORBT) had a good week, as its shares rose 4.8% to close at kr182 following the release of its second-quarter results. Norbit reported in line with analyst predictions, delivering revenues of kr832m and statutory earnings per share of kr2.45, suggesting the business is executing well and in line with its plan. 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. We thought readers would find it interesting to see the analysts latest (statutory) post-earnings forecasts for next year.
Taking into account the latest results, the consensus forecast from Norbit's four analysts is for revenues of kr3.10b in 2026. This reflects a solid 8.4% improvement in revenue compared to the last 12 months. Statutory earnings per share are predicted to swell 14% to kr8.02. Yet prior to the latest earnings, the analysts had been anticipated revenues of kr3.13b and earnings per share (EPS) of kr8.17 in 2026. So it's pretty clear that, although the analysts have updated their estimates, there's been no major change in expectations for the business following the latest results.
View our latest analysis for Norbit
There were no changes to revenue or earnings estimates or the price target of kr222, suggesting that the company has met expectations in its recent result. It could also be instructive to look at the range of analyst estimates, to evaluate how different the outlier opinions are from the mean. The most optimistic Norbit analyst has a price target of kr245 per share, while the most pessimistic values it at kr204. With such a narrow range of valuations, the analysts apparently share similar views on what they think the business is worth.
One way to get more context on these forecasts is to look at how they compare to both past performance, and how other companies in the same industry are performing. We would highlight that Norbit's revenue growth is expected to slow, with the forecast 17% annualised growth rate until the end of 2026 being well below the historical 26% 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 13% annually. Even after the forecast slowdown in growth, it seems obvious that Norbit is also expected to grow faster than the wider industry.
The Bottom Line
The most important thing to take away is that there's been no major change in sentiment, with the analysts reconfirming that the business is performing in line with their previous earnings per share estimates. Fortunately, they also reconfirmed their revenue numbers, suggesting that it's tracking in line with expectations. Additionally, our data suggests that revenue is expected to grow faster than the wider industry. The consensus price target held steady at kr222, 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. At Simply Wall St, we have a full range of analyst estimates for Norbit going out to 2028, and you can see them free on our platform here..
You can also view our analysis of Norbit's balance sheet, and whether we think Norbit is carrying too much debt, for free on our platform here.
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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.