Thinkific Labs Inc. (TSE:THNC) shareholders are probably feeling a little disappointed, since its shares fell 3.0% to CA$3.21 in the week after its latest second-quarter results. Although revenues of US$16m were in line with analyst expectations, Thinkific Labs surprised on the earnings front, with an unexpected (statutory) profit of US$0.01 per share a nice improvement on the losses that the analystsforecast. Earnings are an important time for investors, as they can track a company's performance, look at what the analysts are forecasting for next year, and see if there's been a change in sentiment towards the company. We've gathered the most recent statutory forecasts to see whether the analysts have changed their earnings models, following these results.

See our latest analysis for Thinkific Labs

Taking into account the latest results, the current consensus from Thinkific Labs' six analysts is for revenues of US$66.8m in 2024. This would reflect an okay 6.5% increase on its revenue over the past 12 months. Per-share losses are expected to explode, reaching US$0.04 per share. Before this earnings announcement, the analysts had been modelling revenues of US$67.1m and losses of US$0.062 per share in 2024. Although the revenue estimates have not really changed Thinkific Labs'future looks a little different to the past, with a very promising decrease in the loss per share forecasts in particular.

The average price target held steady at CA$4.67, seeming to indicate that business is performing in line with expectations. 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 Thinkific Labs at CA$5.00 per share, while the most bearish prices it at CA$4.00. This is a very narrow spread of estimates, implying either that Thinkific Labs is an easy company to value, or - more likely - the analysts are relying heavily on some key assumptions.

Looking at the bigger picture now, one of the ways we can make sense of these forecasts is to see how they measure up against both past performance and industry growth estimates. We would highlight that Thinkific Labs' revenue growth is expected to slow, with the forecast 13% annualised growth rate until the end of 2024 being well below the historical 22% p.a. growth over the last three years. Compare this against other companies (with analyst forecasts) in the industry, which are in aggregate expected to see revenue growth of 17% annually. So it's pretty clear that, while revenue growth is expected to slow down, the wider industry is also expected to grow faster than Thinkific Labs.