SpareBank 1 SMN Beat Analyst Estimates: See What The Consensus Is Forecasting For This Year
SpareBank 1 SMN (OB:MING) just released its latest second-quarter results and things are looking bullish. SpareBank 1 SMN beat earnings, with revenues hitting kr2.4b, ahead of expectations, and statutory earnings per share outperforming analyst reckonings by a solid 16%. 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. Readers will be glad to know we've aggregated the latest statutory forecasts to see whether the analysts have changed their mind on SpareBank 1 SMN after the latest results.
Taking into account the latest results, SpareBank 1 SMN's four analysts currently expect revenues in 2026 to be kr8.85b, approximately in line with the last 12 months. Yet prior to the latest earnings, the analysts had been anticipated revenues of kr8.53b and earnings per share (EPS) of kr17.16 in 2026. The thing that stands out most is that, while there's been a small lift in revenue estimates, the consensus no longer provides an EPS estimate. This impliesthat revenue is more important following the latest results.
View our latest analysis for SpareBank 1 SMN
There's been no real change to the consensus price target of kr212, with SpareBank 1 SMN seemingly executing in line with expectations. Fixating on a single price target can be unwise though, since the consensus target is effectively the average of analyst price targets. As a result, some investors like to look at the range of estimates to see if there are any diverging opinions on the company's valuation. There are some variant perceptions on SpareBank 1 SMN, with the most bullish analyst valuing it at kr220 and the most bearish at kr205 per share. 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.
Taking a look at the bigger picture now, one of the ways we can understand these forecasts is to see how they compare to both past performance and industry growth estimates. We would highlight that SpareBank 1 SMN's revenue growth is expected to slow, with the forecast 1.8% annualised growth rate until the end of 2026 being well below the historical 12% 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 3.3% per year. Factoring in the forecast slowdown in growth, it seems obvious that SpareBank 1 SMN is also expected to grow slower than other industry participants.
The Bottom Line
The most important thing to take away is that the analysts upgraded their revenue estimates for next year. They also upgraded their revenue estimates for next year, even though it is expected to grow slower than the wider industry. There was no real change to the consensus price target, suggesting that the intrinsic value of the business has not undergone any major changes with the latest estimates.
At least one of SpareBank 1 SMN's four analysts has provided estimates out to 2028, which can be seen for free on our platform here.
It might also be worth considering whether SpareBank 1 SMN's debt load is appropriate, using our debt analysis tools on the Simply Wall St 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.