There's been a major selloff in Commercial Vehicle Group, Inc. (NASDAQ:CVGI) shares in the week since it released its second-quarter report, with the stock down 34% to US$3.38. Revenues fell 3.3% short of expectations, at US$230m. Earnings correspondingly dipped, with Commercial Vehicle Group reporting a statutory loss of US$0.05 per share, whereas the analysts had previously modelled a profit in this period. 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. So we collected the latest post-earnings statutory consensus estimates to see what could be in store for next year.

Check out our latest analysis for Commercial Vehicle Group

Following the recent earnings report, the consensus from three analysts covering Commercial Vehicle Group is for revenues of US$904.5m in 2024. This implies a discernible 2.9% decline in revenue compared to the last 12 months. Statutory earnings per share are forecast to dive 87% to US$0.13 in the same period. Yet prior to the latest earnings, the analysts had been anticipated revenues of US$936.5m and earnings per share (EPS) of US$0.70 in 2024. The analysts seem less optimistic after the recent results, reducing their revenue forecasts and making a pretty serious reduction to earnings per share numbers.

The consensus price target fell 33% to US$7.33, with the weaker earnings outlook clearly leading valuation estimates. 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. There are some variant perceptions on Commercial Vehicle Group, with the most bullish analyst valuing it at US$8.00 and the most bearish at US$6.00 per share. Still, with such a tight range of estimates, it suggeststhe analysts have a pretty good idea of what they think the company is worth.

Taking a look at the bigger picture now, one of the ways we can understand these forecasts is to see how they compare to both past performance and industry growth estimates. These estimates imply that revenue is expected to slow, with a forecast annualised decline of 5.8% by the end of 2024. This indicates a significant reduction from annual growth of 4.1% 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 3.2% annually for the foreseeable future. It's pretty clear that Commercial Vehicle Group's revenues are expected to perform substantially worse than the wider industry.