There's been a notable change in appetite for Paragon 28, Inc. (NYSE:FNA) shares in the week since its quarterly report, with the stock down 15% to US$6.64. Revenues came in at US$61m, in line with forecasts and the company reported a statutory loss of US$0.17 per share, roughly in line with expectations. This is an important time for investors, as they can track a company's performance in its report, look at what experts are forecasting for next year, and see if there has been any change to expectations for the business. We've gathered the most recent statutory forecasts to see whether the analysts have changed their earnings models, following these results.

Check out our latest analysis for Paragon 28

Taking into account the latest results, the current consensus from Paragon 28's seven analysts is for revenues of US$252.3m in 2024. This would reflect a satisfactory 7.2% increase on its revenue over the past 12 months. Losses are expected to hold steady at around US$0.65. Yet prior to the latest earnings, the analysts had been forecasting revenues of US$255.7m and losses of US$0.58 per share in 2024. While this year's revenue estimates held steady, there was also a considerable increase in loss per share expectations, suggesting the consensus has a bit of a mixed view on the stock.

The consensus price target fell 9.4% to US$14.50per share, with the analysts clearly concerned by ballooning losses. 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 Paragon 28 at US$20.00 per share, while the most bearish prices it at US$11.00. This is a fairly broad spread of estimates, suggesting that analysts are forecasting a wide range of possible outcomes for the business.

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 Paragon 28's revenue growth is expected to slow, with the forecast 15% annualised growth rate until the end of 2024 being well below the historical 19% p.a. growth over the last three years. Juxtapose this against the other companies in the industry with analyst coverage, which are forecast to grow their revenues (in aggregate) 8.2% per year. Even after the forecast slowdown in growth, it seems obvious that Paragon 28 is also expected to grow faster than the wider industry.