It's been a good week for Black Diamond Group Limited (TSE:BDI) shareholders, because the company has just released its latest second-quarter results, and the shares gained 4.7% to CA$9.32. Revenues were CA$95m, approximately in line with expectations, although statutory earnings per share (EPS) performed substantially better. EPS of CA$0.12 were also better than expected, beating analyst predictions by 20%. 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. So we gathered the latest post-earnings forecasts to see what estimates suggest is in store for next year.

View our latest analysis for Black Diamond Group

Taking into account the latest results, the six analysts covering Black Diamond Group provided consensus estimates of CA$379.9m revenue in 2024, which would reflect a noticeable 2.6% decline over the past 12 months. Statutory earnings per share are expected to sink 17% to CA$0.41 in the same period. In the lead-up to this report, the analysts had been modelling revenues of CA$380.3m and earnings per share (EPS) of CA$0.41 in 2024. The consensus analysts don't seem to have seen anything in these results that would have changed their view on the business, given there's been no major change to their estimates.

There were no changes to revenue or earnings estimates or the price target of CA$11.88, suggesting that the company has met expectations in its recent result. It could also be instructive to look at the range of analyst estimates, to evaluate how different the outlier opinions are from the mean. The most optimistic Black Diamond Group analyst has a price target of CA$14.00 per share, while the most pessimistic values it at CA$10.25. There are definitely some different views on the stock, but the range of estimates is not wide enough as to imply that the situation is unforecastable, in our view.

Of course, another way to look at these forecasts is to place them into context against the industry itself. These estimates imply that revenue is expected to slow, with a forecast annualised decline of 5.1% by the end of 2024. This indicates a significant reduction from annual growth of 19% over the last five years. By contrast, our data suggests that other companies (with analyst coverage) in the same industry are forecast to see their revenue grow 3.5% annually for the foreseeable future. So although its revenues are forecast to shrink, this cloud does not come with a silver lining - Black Diamond Group is expected to lag the wider industry.