As you might know, Spark New Zealand Limited (NZSE:SPK) recently reported its yearly numbers. It looks like the results were a bit of a negative overall. While revenues of NZ$3.7b were in line with analyst predictions, statutory earnings were less than expected, missing estimates by 2.1% to hit NZ$0.14 per share. 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. With this in mind, we’ve gathered the latest statutory forecasts to see what the analysts are expecting for next year.
NZSE:SPK Earnings and Revenue Growth August 22nd 2025
Following last week’s earnings report, Spark New Zealand’s eight analysts are forecasting 2026 revenues to be NZ$3.67b, approximately in line with the last 12 months. Per-share earnings are expected to accumulate 4.8% to NZ$0.14. Yet prior to the latest earnings, the analysts had been anticipated revenues of NZ$3.76b and earnings per share (EPS) of NZ$0.15 in 2026. It’s pretty clear that pessimism has reared its head after the latest results, leading to a weaker revenue outlook and a minor downgrade to earnings per share estimates.
See our latest analysis for Spark New Zealand
The analysts made no major changes to their price target of NZ$2.91, suggesting the downgrades are not expected to have a long-term impact on Spark New Zealand’s valuation. 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. Currently, the most bullish analyst values Spark New Zealand at NZ$3.60 per share, while the most bearish prices it at NZ$2.20. This shows there is still a bit of diversity in estimates, but analysts don’t appear to be totally split on the stock as though it might be a success or failure situation.
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. We would highlight that revenue is expected to reverse, with a forecast 1.4% annualised decline to the end of 2026. That is a notable change from historical growth of 2.1% 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 Spark New Zealand’s revenues are expected to perform substantially worse than the wider industry.
Story Continues