Plymouth Industrial REIT, Inc. (NYSE:PLYM) shareholders are probably feeling a little disappointed, since its shares fell 4.5% to US$26.68 in the week after its latest annual results. Revenues came in at US$140m, in line with expectations, while statutory losses per share were substantially higher than expected, at US$0.94 per share. 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 Plymouth Industrial REIT

Taking into account the latest results, the current consensus from Plymouth Industrial REIT's four analysts is for revenues of US$180.4m in 2022, which would reflect a major 29% increase on its sales over the past 12 months. The loss per share is expected to greatly reduce in the near future, narrowing 27% to US$0.57. Before this latest report, the consensus had been expecting revenues of US$167.1m and US$0.45 per share in losses. While this year's revenue estimates increased, there was also a sizeable expansion in loss per share expectations, suggesting the consensus has a bit of a mixed view on the stock.

The consensus price target stayed unchanged at US$30.86, seeming to suggest that higher forecast losses are not expected to have a long term impact on the valuation. That's not the only conclusion we can draw from this data however, as some investors also like to consider the spread in estimates when evaluating analyst price targets. There are some variant perceptions on Plymouth Industrial REIT, with the most bullish analyst valuing it at US$33.00 and the most bearish at US$30.00 per share. This is a very narrow spread of estimates, implying either that Plymouth Industrial REIT is an easy company to value, or - more likely - the analysts are relying heavily on some key assumptions.

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. We would highlight that Plymouth Industrial REIT's revenue growth is expected to slow, with the forecast 29% annualised growth rate until the end of 2022 being well below the historical 38% p.a. growth over the last five years. Juxtapose this against the other companies in the industry with analyst coverage, which are forecast to grow their revenues (in aggregate) 7.4% per year. Even after the forecast slowdown in growth, it seems obvious that Plymouth Industrial REIT is also expected to grow faster than the wider industry.