Skandinaviska Enskilda Banken AB (publ) (STO:SEB A) Just Released Its Third-Quarter Results And Analysts Are Updating Their Estimates
Skandinaviska Enskilda Banken AB (publ) (STO:SEB A) missed earnings with its latest third-quarter results, disappointing overly-optimistic forecasters. Skandinaviska Enskilda Banken missed analyst forecasts, with revenues of kr19b and statutory earnings per share (EPS) of kr3.81, falling short by 4.4% and 4.4% respectively. Following the result, the analysts have updated their earnings model, and it would be good to know whether they think there's been a strong change in the company's prospects, or if it's business as usual. We thought readers would find it interesting to see the analysts latest (statutory) post-earnings forecasts for next year.
After the latest results, the 14 analysts covering Skandinaviska Enskilda Banken are now predicting revenues of kr84.3b in 2027. If met, this would reflect a notable 13% improvement in revenue compared to the last 12 months. Statutory earnings per share are predicted to swell 18% to kr18.77. Yet prior to the latest earnings, the analysts had been anticipated revenues of kr84.7b and earnings per share (EPS) of kr18.86 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.
View our latest analysis for Skandinaviska Enskilda Banken
There were no changes to revenue or earnings estimates or the price target of kr228, suggesting that the company has met expectations in its recent result. 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. The most optimistic Skandinaviska Enskilda Banken analyst has a price target of kr285 per share, while the most pessimistic values it at kr190. 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.
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. It's clear from the latest estimates that Skandinaviska Enskilda Banken's rate of growth is expected to accelerate meaningfully, with the forecast 10% annualised revenue growth to the end of 2027 noticeably faster than its historical growth of 6.9% p.a. over the past five years. Compare this with other companies in the same industry, which are forecast to grow their revenue 5.9% annually. Factoring in the forecast acceleration in revenue, it's pretty clear that Skandinaviska Enskilda Banken is expected to grow much faster than its 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. Fortunately, they also reconfirmed their revenue numbers, suggesting that it's tracking in line with expectations. Additionally, our data suggests that revenue is expected to grow faster than the wider industry. There was no real change to the consensus price target, suggesting that the intrinsic value of the business has not undergone any major changes with the latest estimates.
With that said, the long-term trajectory of the company's earnings is a lot more important than next year. At Simply Wall St, we have a full range of analyst estimates for Skandinaviska Enskilda Banken going out to 2028, and you can see them free on our platform here..
Don't forget that there may still be risks. For instance, we've identified 1 warning sign for Skandinaviska Enskilda Banken that you should be aware of.
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