Norbit ASA (OSL:NORBT, Financial) is set to release its Q3 2024 earnings on Nov 14, 2024. The consensus estimate for Q3 2024 revenue is $425.50 million, and the earnings are expected to come in at $1.01 per share. The full year 2024's revenue is expected to be $1.80 billion and the earnings are expected to be $3.98 per share. More detailed estimate data can be found on the Forecast page.
Norbit ASA (OSL:NORBT, Financial) Estimates Trends
Over the past 90 days, revenue estimates for Norbit ASA (OSL:NORBT) have increased from $1.79 billion to $1.80 billion for the full year 2024, and from $2.16 billion to $2.26 billion for 2025. Earnings estimates have risen from $3.90 per share to $3.98 per share for the full year 2024, and from $5.15 per share to $5.56 per share for 2025.
Norbit ASA (OSL:NORBT, Financial) Reported History
In the previous quarter of 2024-06-30, Norbit ASA's (OSL:NORBT) actual revenue was $418.90 million, which beat analysts' revenue expectations of $401 million by 4.46%. Norbit ASA's (OSL:NORBT) actual earnings were $1.20 per share, which beat analysts' earnings expectations of $0.765 per share by 56.86%. After releasing the results, Norbit ASA (OSL:NORBT) was up by 14.53% in one day.
Norbit ASA (OSL:NORBT, Financial) 12 Month Price Targets
Based on the one-year price targets offered by 1 analyst, the average target price for Norbit ASA (OSL:NORBT) is $115 with a high estimate of $115 and a low estimate of $115. The average target implies an upside of 24.06% from the current price of $92.70.
Based on GuruFocus estimates, the estimated GF Value for Norbit ASA (OSL:NORBT, Financial) in one year is $83.94, suggesting a downside of -9.45% from the current price of $92.70.
Based on the consensus recommendation from 2 brokerage firms, Norbit ASA's (OSL:NORBT, Financial) average brokerage recommendation is currently 2.0, indicating an "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
