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A week ago, Kaltura, Inc. (NASDAQ:KLTR) came out with a strong set of quarterly numbers that could potentially lead to a re-rate of the stock. Revenues and losses per share were both better than expected, with revenues of US$44m leading estimates by 2.9%. Statutory losses were smaller than the analystsexpected, coming in at US$0.02 per share. 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. We thought readers would find it interesting to see the analysts latest (statutory) post-earnings forecasts for next year.
Check out our latest analysis for Kaltura
Taking into account the latest results, Kaltura's seven analysts currently expect revenues in 2025 to be US$180.9m, approximately in line with the last 12 months. The loss per share is expected to greatly reduce in the near future, narrowing 20% to US$0.20. Before this earnings announcement, the analysts had been modelling revenues of US$179.7m and losses of US$0.25 per share in 2025. While the revenue estimates were largely unchanged, sentiment seems to have improved, with the analysts upgrading their numbers and making a very favorable reduction to losses per share in particular.
The average price target held steady at US$2.67, seeming to indicate that business is performing in line with expectations. 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 Kaltura, with the most bullish analyst valuing it at US$4.00 and the most bearish at US$1.50 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.
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. It's pretty clear that there is an expectation that Kaltura's revenue growth will slow down substantially, with revenues to the end of 2025 expected to display 1.5% growth on an annualised basis. This is compared to a historical growth rate of 9.3% over the past five years. By way of comparison, the other companies in this industry with analyst coverage are forecast to grow their revenue at 12% per year. So it's pretty clear that, while revenue growth is expected to slow down, the wider industry is also expected to grow faster than Kaltura.