Earnings Update: NNIT A/S (CPH:NNIT) Just Reported Its Half-Yearly Results And Analysts Are Updating Their Forecasts
NNIT A/S (CPH:NNIT) last week reported its latest interim results, which makes it a good time for investors to dive in and see if the business is performing in line with expectations. Revenues were in line with expectations, at kr.864m, while statutory losses ballooned to kr.0.81 per share. 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.
Following last week's earnings report, NNIT's three analysts are forecasting 2026 revenues to be kr.1.72b, approximately in line with the last 12 months. NNIT is also expected to turn profitable, with statutory earnings of kr.1.07 per share. Yet prior to the latest earnings, the analysts had been anticipated revenues of kr.1.73b and earnings per share (EPS) of kr.0.92 in 2026. Although the revenue estimates have not really changed, we can see there's been a solid gain to earnings per share expectations, suggesting that the analysts have become more bullish after the latest result.
View our latest analysis for NNIT
There's been no major changes to the consensus price target of kr.50.33, suggesting that the improved earnings per share outlook is not enough to have a long-term positive impact on the stock's valuation. The consensus price target is just an average of individual analyst targets, so - it could be handy to see how wide the range of underlying estimates is. Currently, the most bullish analyst values NNIT at kr.60.00 per share, while the most bearish prices it at kr.36.00. 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.
One way to get more context on these forecasts is to look at how they compare to both past performance, and how other companies in the same industry are performing. We would also point out that the forecast 0.3% annualised revenue decline to the end of 2026 is better than the historical trend, which saw revenues shrink 2.6% annually over the past five years By contrast, our data suggests that other companies (with analyst coverage) in a similar industry are forecast to see their revenue grow 12% per year. So it's pretty clear that, while it does have declining revenues, the analysts also expect NNIT to suffer worse than the wider industry.
The Bottom Line
The most important thing here is that the analysts upgraded their earnings per share estimates, suggesting that there has been a clear increase in optimism towards NNIT following these results. On the plus side, there were no major changes to revenue estimates; although forecasts imply they will perform worse than the wider industry. The consensus price target held steady at kr.50.33, with the latest estimates not enough to have an impact on their price targets.
With that said, the long-term trajectory of the company's earnings is a lot more important than next year. We have forecasts for NNIT going out to 2028, and you can see them free on our platform here.
You can also see whether NNIT 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.