Shareholders of Appian Corporation (NASDAQ:APPN) will be pleased this week, given that the stock price is up 11% to US$40.78 following its latest quarterly results. Revenues of US$154m arrived in line with expectations, although statutory losses per share were US$0.03, an impressive 89% smaller than what broker models predicted. 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. We've gathered the most recent statutory forecasts to see whether the analysts have changed their earnings models, following these results.

Check out our latest analysis for Appian

Taking into account the latest results, the current consensus from Appian's six analysts is for revenues of US$685.0m in 2025. This would reflect a solid 15% increase on its revenue over the past 12 months. Losses are predicted to fall substantially, shrinking 47% to US$0.65. Before this latest report, the consensus had been expecting revenues of US$683.6m and US$0.91 per share in losses. Although the revenue estimates have not really changed Appian'sfuture looks a little different to the past, with a very favorable reduction to the loss per share forecasts in particular.

These new estimates led to the consensus price target rising 18% to US$39.50, with lower forecast losses suggesting things could be looking up for Appian. It could also be instructive to look at the range of analyst estimates, to evaluate how different the outlier opinions are from the mean. The most optimistic Appian analyst has a price target of US$53.00 per share, while the most pessimistic values it at US$32.00. As you can see, analysts are not all in agreement on the stock's future, but the range of estimates is still reasonably narrow, which could suggest that the outcome is not totally unpredictable.

Looking at the bigger picture now, one of the ways we can make sense of these forecasts is to see how they measure up against both past performance and industry growth estimates. It's pretty clear that there is an expectation that Appian's revenue growth will slow down substantially, with revenues to the end of 2025 expected to display 12% growth on an annualised basis. This is compared to a historical growth rate of 18% over the past five years. Juxtapose this against the other companies in the industry with analyst coverage, which are forecast to grow their revenues (in aggregate) 12% annually. So it's pretty clear that, while Appian's revenue growth is expected to slow, it's expected to grow roughly in line with the industry.