It's been a good week for AirBoss of America Corp. (TSE:BOS) shareholders, because the company has just released its latest first-quarter results, and the shares gained 3.4% to CA$6.04. Revenues of US$103m beat expectations by a respectable 2.9%, although statutory losses per share increased. AirBoss of America lost US$0.18, which was 350% more than what the analysts had included in their models. 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 thought readers would find it interesting to see the analysts latest (statutory) post-earnings forecasts for next year.

Check out our latest analysis for AirBoss of America

Taking into account the latest results, the most recent consensus for AirBoss of America from four analysts is for revenues of US$435.3m in 2024. If met, it would imply an okay 5.5% increase on its revenue over the past 12 months. Earnings are expected to improve, with AirBoss of America forecast to report a statutory profit of US$0.01 per share. Before this earnings report, the analysts had been forecasting revenues of US$440.2m and earnings per share (EPS) of US$0.015 in 2024. So there's definitely been a decline in sentiment after the latest results, noting the large cut to new EPS forecasts.

It might be a surprise to learn that the consensus price target was broadly unchanged at CA$6.10, with the analysts clearly implying that the forecast decline in earnings is not expected to have much of an impact on valuation. Fixating on a single price target can be unwise though, since the consensus target is effectively the average of analyst price targets. As a result, some investors like to look at the range of estimates to see if there are any diverging opinions on the company's valuation. There are some variant perceptions on AirBoss of America, with the most bullish analyst valuing it at CA$7.49 and the most bearish at CA$4.70 per share. Note the wide gap in analyst price targets? This implies to us that there is a fairly broad range of possible scenarios for the underlying business.

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 can infer from the latest estimates that forecasts expect a continuation of AirBoss of America'shistorical trends, as the 7.5% annualised revenue growth to the end of 2024 is roughly in line with the 7.2% annual growth over the past five years. Compare this with the broader industry, which analyst estimates (in aggregate) suggest will see revenues grow 3.1% annually. So it's pretty clear that AirBoss of America is forecast to grow substantially faster than its industry.