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AirBoss of America Corp. (TSE:BOS) Just Reported Third-Quarter Earnings: Have Analysts Changed Their Mind On The Stock?

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It's shaping up to be a tough period for AirBoss of America Corp. (TSE:BOS), which a week ago released some disappointing third-quarter results that could have a notable impact on how the market views the stock. It was a pretty negative result overall, with revenues of US$96m missing analyst predictions by 6.0%. Worse, the business reported a statutory loss of US$0.12 per share, much larger than the analysts had forecast prior to the result. 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. Readers will be glad to know we've aggregated the latest statutory forecasts to see whether the analysts have changed their mind on AirBoss of America after the latest results.

Check out our latest analysis for AirBoss of America

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TSX:BOS Earnings and Revenue Growth November 8th 2024

Following the latest results, AirBoss of America's four analysts are now forecasting revenues of US$470.7m in 2025. This would be a sizeable 21% improvement in revenue compared to the last 12 months. Earnings are expected to improve, with AirBoss of America forecast to report a statutory profit of US$0.18 per share. Yet prior to the latest earnings, the analysts had been anticipated revenues of US$472.1m and earnings per share (EPS) of US$0.17 in 2025. So the consensus seems to have become somewhat more optimistic on AirBoss of America's earnings potential following these results.

The consensus price target was unchanged at CA$5.96, implying that the improved earnings outlook is not expected to have a long term impact on value creation for shareholders. 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 AirBoss of America, with the most bullish analyst valuing it at CA$7.99 and the most bearish at CA$5.03 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.

One way to get more context on these forecasts is to look at how they compare to both past performance, and how other companies in the same industry are performing. It's clear from the latest estimates that AirBoss of America's rate of growth is expected to accelerate meaningfully, with the forecast 17% annualised revenue growth to the end of 2025 noticeably faster than its historical growth of 2.1% p.a. over the past five years. Compare this with other companies in the same industry, which are forecast to grow their revenue 4.1% annually. Factoring in the forecast acceleration in revenue, it's pretty clear that AirBoss of America is expected to grow much faster than its industry.