04:16 AM EDT, 04/23/2026 (MT Newswires) -- Bernstein said Wednesday it expects DSV's (DSV.CO) upcoming investor event to reveal "meaningful"upside potential for the Danish transport and logistics company.

DSV is set to host its first capital markets day since 2022 on May 12, 2026, an occasion the research firm believes would lift earnings estimates. Analysts argue that the market is "underestimating"the company's air and sea potential conversion ratio and expect the meeting to cover topics including unit gross profits, technology, conversion ratios, and capital distribution, among others.

"Consensus Air &Sea conversion ratio looks too low. We are 6% ahead on 2028 EPS, with the largest difference the conversion ratio (EBIT/GP) in Air &Sea. DSV has been on a path of continuous improvement for over a decade, getting better as it has got bigger, and emerging from each large integration at a higher margin than it entered it. Pre-Schenker, margins were 48-49%. Consensus has just 50% in 2028. That suggests gains from scale are exhausted - we disagree (BERNe 53% 2028, 55% 2030),"the note said.

Bernstein said technology is "likely"to be more prominently featured, with DSV anticipated to migrate its air and sea business to the Schenker platform as it did with its road segment. Analysts expect the migration to offer "meaningful"margin upside through productivity and cost cuts, while artificial intelligence deployment is forecast to drive market share gains instead of higher margins.

The stock is rated at outperform, with a price target of 2,100 Danish kroner.