Lerøy Seafood Group is expected to report Q1 2026 operating EBIT of NOK 833 million (~USD 77 million), down 21% from NOK 1.049 billion in Q1 2025, according to a consensus of seven analyst estimates compiled by Infront for TDN Direkt.
Salmon prices averaged NOK 92.40/kg in Q1 2025. This year they ran approximately NOK 8/kg lower, and analysts say that gap is the primary reason for the earnings decline.
Three of the seven analysts rate the stock a buy; four recommend hold. The average price target is NOK 53.50, with a range of NOK 50 to NOK 60.
Estimates were submitted by ABG Sundal Collier, Arctic Securities, Danske Bank Markets, DNB Carnegie, Fearnley Securities, Nordea Markets, and Pareto Securities.
Lerøy reports Q1 results on Tuesday, 12 May. The actual figure will confirm whether weaker spot prices have hit margins as hard as the consensus projects, or whether volume and cost management have partially offset the shortfall.
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