Analysts Have Been Trimming Their Aasen Sparebank (OB:AASB) Price Target After Its Latest Report
Last week saw the newest quarterly earnings release from Aasen Sparebank (OB:AASB), an important milestone in the company's journey to build a stronger business. Overall the results were a little better than the analyst was expecting, with revenues beating forecasts by 3.9%to hit kr47m. This is an important time for investors, as they can track a company's performance in its report, look at what expert is forecasting for next year, and see if there has been any change to expectations for the business. So we collected the latest post-earnings statutory consensus estimate to see what could be in store for next year.
Following the recent earnings report, the consensus from one analyst covering Aasen Sparebank is for revenues of kr187.6m in 2026. This implies a small 3.3% decline in revenue compared to the last 12 months. In the lead-up to this report, the analyst had been modelling revenues of kr195.9m and earnings per share (EPS) of kr9.34 in 2026. So we can see that while the consensus made a small dip in revenue estimates, it no longer provides an earnings per share estimate. This suggests that the market is now more focused on revenue after the latest result.
View our latest analysis for Aasen Sparebank
The average price target fell 7.0% to kr132, withthe analyst clearly having become less optimistic about Aasen Sparebank'sprospects following its latest earnings.
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. These estimates imply that revenue is expected to slow, with a forecast annualised decline of 6.5% by the end of 2026. This indicates a significant reduction from annual growth of 13% over the last five years. By contrast, our data suggests that other companies (with analyst coverage) in the same industry are forecast to see their revenue grow 3.3% annually for the foreseeable future. It's pretty clear that Aasen Sparebank's revenues are expected to perform substantially worse than the wider industry.
The Bottom Line
The most important thing to take away is that the analyst downgraded their revenue estimates for next year. Unfortunately, they also downgraded their revenue estimates, and our data indicates it is expected to perform worse than the wider industry. Furthermore, the analyst also cut their price targets, suggesting that the latest news has led to greater pessimism about the intrinsic value of the business.
We have estimates for Aasen Sparebank from one covering analyst, and you can see them free on our platform here.
You should always think about risks though. Case in point, we've spotted 2 warning signs for Aasen Sparebank you should be aware 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.