Results: I-Tech AB Beat Earnings Expectations And Analysts Now Have New Forecasts
I-Tech AB (STO:ITECH) investors will be delighted, with the company turning in some strong numbers with its latest results. Statutory earnings performance was extremely strong, with revenue of kr59m beating expectations by 22% and earnings per share (EPS) of kr1.40, an impressive 51%ahead of expectations. This is an important time for investors, as they can track a company's performance in its report, look at what experts are forecasting for next year, and see if there has been any change to expectations for the business. With this in mind, we've gathered the latest statutory forecasts to see what the analysts are expecting for next year.
Taking into account the latest results, the consensus forecast from I-Tech's three analysts is for revenues of kr217.7m in 2026. This reflects a solid 13% improvement in revenue compared to the last 12 months. Yet prior to the latest earnings, the analysts had been anticipated revenues of kr202.0m and earnings per share (EPS) of kr4.02 in 2026. The thing that stands out most is that, while there's been a slight bump 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 I-Tech
The average price target rose 5.9% to kr126, with the analysts clearly having become more optimistic about I-Tech'sprospects following these results. It could also be instructive to look at the range of analyst estimates, to evaluate how different the outlier opinions are from the mean. Currently, the most bullish analyst values I-Tech at kr140 per share, while the most bearish prices it at kr98.00. There are definitely some different views on the stock, but the range of estimates is not wide enough as to imply that the situation is unforecastable, in our view.
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. We can infer from the latest estimates that forecasts expect a continuation of I-Tech'shistorical trends, as the 28% annualised revenue growth to the end of 2026 is roughly in line with the 27% annual growth over the past five years. Compare this with the broader industry, which analyst estimates (in aggregate) suggest will see revenues grow 3.4% annually. So it's pretty clear that I-Tech is forecast to grow substantially faster than its industry.
The Bottom Line
The most important thing to take away is that the analysts upgraded their revenue estimates for next year. Pleasantly, they also upgraded their revenue estimates, and their forecasts suggest the business is expected to grow faster than the wider industry. We note an upgrade to the price target, suggesting that the analysts believes the intrinsic value of the business is likely to improve over time.
At least one of I-Tech's three analysts has provided estimates out to 2028, which can be seen for free on our platform here.
We don't want to rain on the parade too much, but we did also find 2 warning signs for I-Tech that you need to be mindful 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.