Altra Fastigheter AB (publ) (STO:ALTRA) Just Released Its Third-Quarter Results And Analysts Are Updating Their Estimates
Investors in Altra Fastigheter AB (publ) (STO:ALTRA) had a good week, as its shares rose 5.2% to close at kr76.00 following the release of its third-quarter results. Altra Fastigheter reported in line with analyst predictions, delivering revenues of kr871m and statutory earnings per share of kr2.45, suggesting the business is executing well and in line with its plan. The analysts typically update their forecasts at each earnings report, and we can judge from their estimates whether their view of the company has changed or if there are any new concerns to be aware of. So we collected the latest post-earnings statutory consensus estimates to see what could be in store for next year.
Following last week's earnings report, Altra Fastigheter's five analysts are forecasting 2027 revenues to be kr3.51b, approximately in line with the last 12 months. Per-share earnings are expected to climb 19% to kr7.74. In the lead-up to this report, the analysts had been modelling revenues of kr3.50b and earnings per share (EPS) of kr7.68 in 2027. The consensus analysts don't seem to have seen anything in these results that would have changed their view on the business, given there's been no major change to their estimates.
Check out our latest analysis for Altra Fastigheter
The analysts reconfirmed their price target of kr89.20, showing that the business is executing well and in line with expectations. There's another way to think about price targets though, and that's to look at the range of price targets put forward by analysts, because a wide range of estimates could suggest a diverse view on possible outcomes for the business. Currently, the most bullish analyst values Altra Fastigheter at kr94.00 per share, while the most bearish prices it at kr85.00. 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.
Taking a look at the bigger picture now, one of the ways we can understand these forecasts is to see how they compare to both past performance and industry growth estimates. We would highlight that revenue is expected to reverse, with a forecast 0.5% annualised decline to the end of 2027. That is a notable change from historical growth of 6.7% 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 3.1% per year. It's pretty clear that Altra Fastigheter's revenues are expected to perform substantially worse than 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. 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 kr89.20, with the latest estimates not enough to have an impact on their price targets.
Keeping that in mind, we still think that the longer term trajectory of the business is much more important for investors to consider. At Simply Wall St, we have a full range of analyst estimates for Altra Fastigheter going out to 2028, and you can see them free on our platform here..
Before you take the next step you should know about the 3 warning signs for Altra Fastigheter (1 can't be ignored!) that we have uncovered.
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