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As you might know, Coveo Solutions Inc. (TSE:CVO) recently reported its annual numbers. Revenues were in line with expectations, at US$133m, while statutory losses ballooned to US$0.14 per share. Following the result, the analysts have updated their earnings model, and it would be good to know whether they think there's been a strong change in the company's prospects, or if it's business as usual. We've gathered the most recent statutory forecasts to see whether the analysts have changed their earnings models, following these results.
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Taking into account the latest results, the consensus forecast from Coveo Solutions' eight analysts is for revenues of US$149.3m in 2026. This reflects a notable 12% improvement in revenue compared to the last 12 months. Per-share losses are expected to explode, reaching US$0.19 per share. Yet prior to the latest earnings, the analysts had been forecasting revenues of US$150.0m and losses of US$0.14 per share in 2026. So it's pretty clear the analysts have mixed opinions on Coveo Solutions even after this update; although they reconfirmed their revenue numbers, it came at the cost of a massive increase in per-share losses.
View our latest analysis for Coveo Solutions
Although the analysts are now forecasting higher losses, the average price target rose 6.5% to 9.13621163479331, which could indicate that these losses are expected to be "one-off", or are not anticipated to have a longer-term impact on the business. 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 Coveo Solutions analyst has a price target of CA$12.92 per share, while the most pessimistic values it at CA$6.71. 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.
Of course, another way to look at these forecasts is to place them into context against the industry itself. It's pretty clear that there is an expectation that Coveo Solutions' revenue growth will slow down substantially, with revenues to the end of 2026 expected to display 12% growth on an annualised basis. This is compared to a historical growth rate of 17% over the past five years. Compare this against other companies (with analyst forecasts) in the industry, which are in aggregate expected to see revenue growth of 15% annually. So it's pretty clear that, while revenue growth is expected to slow down, the wider industry is also expected to grow faster than Coveo Solutions.