Results: Boliden AB (publ) Beat Earnings Expectations And Analysts Now Have New Forecasts
It's been a good week for Boliden AB (publ) (STO:BOL) shareholders, because the company has just released its latest quarterly results, and the shares gained 3.5% to kr500. It looks to have been a decent result overall - while revenue fell marginally short of analyst estimates at kr30b, statutory earnings beat expectations by a notable 26%, coming in at kr13.69 per share. Earnings are an important time for investors, as they can track a company's performance, look at what the analysts are forecasting for next year, and see if there's been a change in sentiment towards the company. With this in mind, we've gathered the latest statutory forecasts to see what the analysts are expecting for next year.
After the latest results, the 16 analysts covering Boliden are now predicting revenues of kr135.4b in 2027. If met, this would reflect a huge 21% improvement in revenue compared to the last 12 months. Statutory earnings per share are predicted to accumulate 8.8% to kr54.65. In the lead-up to this report, the analysts had been modelling revenues of kr137.5b and earnings per share (EPS) of kr54.80 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.
See our latest analysis for Boliden
It will come as no surprise then, to learn that the consensus price target is largely unchanged at kr569. That's not the only conclusion we can draw from this data however, as some investors also like to consider the spread in estimates when evaluating analyst price targets. The most optimistic Boliden analyst has a price target of kr740 per share, while the most pessimistic values it at kr500. These price targets show that analysts do have some differing views on the business, but the estimates do not vary enough to suggest to us that some are betting on wild success or utter failure.
These estimates are interesting, but it can be useful to paint some more broad strokes when seeing how forecasts compare, both to the Boliden's past performance and to peers in the same industry. It's clear from the latest estimates that Boliden's rate of growth is expected to accelerate meaningfully, with the forecast 16% annualised revenue growth to the end of 2027 noticeably faster than its historical growth of 7.6% p.a. over the past five years. By contrast, our data suggests that other companies (with analyst coverage) in a similar industry are forecast to grow their revenue at 8.6% per year. It seems obvious that, while the growth outlook is brighter than the recent past, the analysts also expect Boliden to grow faster than the wider industry.
The Bottom Line
The most obvious conclusion is that there's been no major change in the business' prospects in recent times, with the analysts holding their earnings forecasts steady, in line with previous 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.
Following on from that line of thought, we think that the long-term prospects of the business are much more relevant than next year's earnings. We have estimates - from multiple Boliden analysts - going out to 2028, and you can see them free on our platform here.
And what about risks? Every company has them, and we've spotted 1 warning sign for Boliden you should know about.
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