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The third-quarter results for Cadre Holdings, Inc. (NYSE:CDRE) were released last week, making it a good time to revisit its performance. The results were mixed; although revenues of US$109m fell 13% short of what the analysts had predicted, per-share (statutory) earnings of US$0.09 beat expectations by 46%. 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. So we gathered the latest post-earnings forecasts to see what estimates suggest is in store for next year.
View our latest analysis for Cadre Holdings
Following the latest results, Cadre Holdings' seven analysts are now forecasting revenues of US$608.6m in 2025. This would be a solid 18% improvement in revenue compared to the last 12 months. Statutory earnings per share are predicted to soar 63% to US$1.32. Before this earnings report, the analysts had been forecasting revenues of US$610.5m and earnings per share (EPS) of US$1.34 in 2025. The consensus analysts don't seem to have seen anything in these results that would have changed their view on the business, given there's been no major change to their estimates.
It will come as no surprise then, to learn that the consensus price target is largely unchanged at US$43.17. 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 Cadre Holdings, with the most bullish analyst valuing it at US$48.00 and the most bearish at US$37.00 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.
Of course, another way to look at these forecasts is to place them into context against the industry itself. It's clear from the latest estimates that Cadre Holdings' rate of growth is expected to accelerate meaningfully, with the forecast 14% annualised revenue growth to the end of 2025 noticeably faster than its historical growth of 5.6% p.a. over the past five years. Compare this with other companies in the same industry, which are forecast to grow their revenue 4.3% annually. It seems obvious that, while the growth outlook is brighter than the recent past, the analysts also expect Cadre Holdings to grow faster than the wider industry.
The Bottom Line
The most obvious conclusion is that there's been no major change in the business' prospects in recent times, with the analysts holding their earnings forecasts steady, in line with previous estimates. Happily, there were no major changes to revenue forecasts, with the business still expected to grow faster than the wider industry. The consensus price target held steady at US$43.17, with the latest estimates not enough to have an impact on their price targets.