Analyst Estimates: Here’s What Brokers Think Of Nilfisk Holding A/S (CPH:NLFSK) After Its Full-Year Report

Feb 18, 2024

It’s been a good week for Nilfisk Holding A/S (CPH:NLFSK) shareholders, because the company has just released its latest full-year results, and the shares gained 6.3% to kr.134. It was an okay result overall, with revenues coming in at €1.0b, roughly what the analysts had been expecting. 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. So we gathered the latest post-earnings forecasts to see what estimates suggest is in store for next year.

Check out our latest analysis for Nilfisk Holding

CPSE:NLFSK Earnings and Revenue Growth February 18th 2024

Taking into account the latest results, the current consensus from Nilfisk Holding’s three analysts is for revenues of €1.07b in 2024. This would reflect a satisfactory 3.2% increase on its revenue over the past 12 months. Statutory earnings per share are predicted to shoot up 43% to €1.86. Yet prior to the latest earnings, the analysts had been anticipated revenues of €1.05b and earnings per share (EPS) of €1.78 in 2024. So the consensus seems to have become somewhat more optimistic on Nilfisk Holding’s earnings potential following these results.

There’s been no major changes to the consensus price target of kr.175, suggesting that the improved earnings per share outlook is not enough to have a long-term positive impact on the stock’s valuation.

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. The analysts are definitely expecting Nilfisk Holding’s growth to accelerate, with the forecast 3.2% annualised growth to the end of 2024 ranking favourably alongside historical growth of 1.9% per annum over the past five years. Other similar companies in the industry (with analyst coverage) are also forecast to grow their revenue at 3.6% per year. Factoring in the forecast acceleration in revenue, it’s pretty clear that Nilfisk Holding is expected to grow at about the same rate as the wider industry.

The Bottom Line

The biggest takeaway for us is the consensus earnings per share upgrade, which suggests a clear improvement in sentiment around Nilfisk Holding’s earnings potential next year. They also reconfirmed their revenue estimates, with the company predicted to grow at about the same rate as 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.

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 Nilfisk Holding going out to 2026, and you can see them free on our platform here..

It is also worth noting that we have found 1 warning sign for Nilfisk Holding that you need to take into consideration.

Valuation is complex, but we’re helping make it simple.

Find out whether Nilfisk Holding is potentially over or undervalued by checking out our comprehensive analysis, which includes fair value estimates, risks and warnings, dividends, insider transactions and financial health.

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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.

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