SpareBank 1 Østlandet Earnings Missed Analyst Estimates: Here's What Analysts Are Forecasting Now
SpareBank 1 Østlandet (OB:SPOL) came out with its quarterly results last week, and we wanted to see how the business is performing and what industry forecasters think of the company following this report. It looks like the results were a bit of a negative overall. While revenues of kr1.7b were in line with analyst predictions, statutory earnings were less than expected, missing estimates by 6.5% to hit kr4.08 per share. 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.
After the latest results, the consensus from SpareBank 1 Østlandet's three analysts is for revenues of kr6.98b in 2026, which would reflect a discernible 3.6% decline in revenue compared to the last year of performance. Statutory earnings per share are forecast to tumble 22% to kr16.06 in the same period. Yet prior to the latest earnings, the analysts had been anticipated revenues of kr6.97b and earnings per share (EPS) of kr16.01 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.
Check out our latest analysis for SpareBank 1 Østlandet
The analysts reconfirmed their price target of kr202, showing that the business is executing well and in line with expectations. That's not the only conclusion we can draw from this data however, as some investors also like to consider the spread in estimates when evaluating analyst price targets. There are some variant perceptions on SpareBank 1 Østlandet, with the most bullish analyst valuing it at kr205 and the most bearish at kr200 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.
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. These estimates imply that revenue is expected to slow, with a forecast annualised decline of 4.8% by the end of 2026. This indicates a significant reduction from annual growth of 13% over the last five years. Compare this with our data, which suggests that other companies in the same industry are, in aggregate, expected to see their revenue grow 3.3% per year. So although its revenues are forecast to shrink, this cloud does not come with a silver lining - SpareBank 1 Østlandet is expected to lag 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, the analysts also reconfirmed their revenue estimates, suggesting that it's tracking in line with expectations. Although our data does suggest that SpareBank 1 Østlandet's revenue is expected to perform worse than the wider industry. The consensus price target held steady at kr202, with the latest estimates not enough to have an impact on their price targets.
Following on from that line of thought, we think that the long-term prospects of the business are much more relevant than next year's earnings. We have estimates - from multiple SpareBank 1 Østlandet analysts - going out to 2028, and you can see them free on our platform here.
You can also see whether SpareBank 1 Østlandet is carrying too much debt, and whether its balance sheet is healthy, 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.