Investors in Kopin Corporation (NASDAQ:KOPN) had a good week, as its shares rose 4.3% to close at US$0.85 following the release of its second-quarter results. Revenues of US$12m crushed expectations, although expenses also blew out, with the company reporting a statutory loss per share of US$0.05, 25% bigger than analysts expected. The analysts typically update their forecasts at each earnings report, and we can judge from their estimates whether their view of the company has changed or if there are any new concerns to be aware of. So we gathered the latest post-earnings forecasts to see what estimates suggest is in store for next year.

View our latest analysis for Kopin

Taking into account the latest results, the consensus forecast from Kopin's four analysts is for revenues of US$48.3m in 2024. This reflects a solid 16% improvement in revenue compared to the last 12 months. Losses are forecast to narrow 6.8% to US$0.38 per share. Before this earnings announcement, the analysts had been modelling revenues of US$45.4m and losses of US$0.30 per share in 2024. While this year's revenue estimates increased, there was also a very substantial increase in loss per share expectations, suggesting the consensus has a bit of a mixed view on the stock.

Spiting the revenue upgrading, the average price target fell 13% to US$2.63, clearly signalling that higher forecast losses are a valuation concern. 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 Kopin, with the most bullish analyst valuing it at US$3.00 and the most bearish at US$2.50 per share. The narrow spread of estimates could suggest that the business' future is relatively easy to value, or thatthe analysts have a strong view on its prospects.

These estimates are interesting, but it can be useful to paint some more broad strokes when seeing how forecasts compare, both to the Kopin's past performance and to peers in the same industry. It's clear from the latest estimates that Kopin's rate of growth is expected to accelerate meaningfully, with the forecast 35% annualised revenue growth to the end of 2024 noticeably faster than its historical growth of 7.6% p.a. over the past five years. By contrast, our data suggests that other companies (with analyst coverage) in a similar industry are forecast to grow their revenue at 18% per year. Factoring in the forecast acceleration in revenue, it's pretty clear that Kopin is expected to grow much faster than its industry.