Analysts Have Lowered Expectations For Nordic Halibut AS (OB:NOHAL) After Its Latest Results
A week ago, Nordic Halibut AS (OB:NOHAL) came out with a strong set of quarterly numbers that could potentially lead to a re-rate of the stock. The results were impressive, with revenues of kr54m exceeding analyst forecasts by 79%, and statutory losses of kr0.31 were likewise much smaller than the analyst had forecast. Earnings are an important time for investors, as they can track a company's performance, look at what the analyst is forecasting for next year, and see if there's been a change in sentiment towards the company. So we collected the latest post-earnings statutory consensus estimate to see what could be in store for next year.
Taking into account the latest results, the most recent consensus for Nordic Halibut from one analyst is for revenues of kr256.0m in 2026. If met, it would imply a huge 72% increase on its revenue over the past 12 months. Losses are supposed to decline, shrinking 16% from last year to kr0.46. Before this earnings announcement, the analyst had been modelling revenues of kr303.0m and losses of kr0.16 per share in 2026. There's been a definite change in sentiment in this update, with the analyst administering a notable cut to next year's revenue estimates, while at the same time increasing their loss per share forecasts.
Check out our latest analysis for Nordic Halibut
The analyst lifted their price target 17% to kr35.00, implicitly signalling that lower earnings per share are not expected to have a longer-term impact on the stock's value.
Of course, another way to look at these forecasts is to place them into context against the industry itself. The analyst is definitely expecting Nordic Halibut's growth to accelerate, with the forecast 195% annualised growth to the end of 2026 ranking favourably alongside historical growth of 17% per annum over the past five years. Compare this with other companies in the same industry, which are forecast to grow their revenue 7.7% annually. Factoring in the forecast acceleration in revenue, it's pretty clear that Nordic Halibut is expected to grow much faster than its industry.
The Bottom Line
The most important thing to take away is that the analyst increased their loss per share estimates for next year. Regrettably, they also downgraded their revenue estimates, but the latest forecasts still imply the business will grow faster than the wider industry. There was also a nice increase in the price target, with the analyst clearly feeling that the intrinsic value of the business is improving.
With that in mind, we wouldn't be too quick to come to a conclusion on Nordic Halibut. Long-term earnings power is much more important than next year's profits. At least one analyst has provided forecasts out to 2028, which can be seen for free on our platform here.
Even so, be aware that Nordic Halibut is showing 2 warning signs in our investment analysis , and 1 of those makes us a bit uncomfortable...
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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.