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It's been a mediocre week for Curis, Inc. (NASDAQ:CRIS) shareholders, with the stock dropping 19% to US$2.10 in the week since its latest annual results. Results were mixed, with revenues of US$11m beating expectations by 12%. Curis continued to be lossmaking, reporting a US$6.88 statutory loss per share, in line with analyst forecasts. 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. So we collected the latest post-earnings statutory consensus estimates to see what could be in store for next year.
Following last week's earnings report, Curis' five analysts are forecasting 2025 revenues to be US$11.0m, approximately in line with the last 12 months. Losses are predicted to fall substantially, shrinking 37% to US$3.23. Yet prior to the latest earnings, the analysts had been forecasting revenues of US$8.51m and losses of US$4.19 per share in 2025. So there's been quite a change-up of views after the recent consensus updates, with the analysts making a sizeable increase to their revenue forecasts while also reducing the estimated loss as the business grows towards breakeven.
View our latest analysis for Curis
Despite these upgrades,the analysts have not made any major changes to their price target of US$20.00, implying that their latest estimates don't have a long term impact on what they think the stock is worth. It could also be instructive to look at the range of analyst estimates, to evaluate how different the outlier opinions are from the mean. Currently, the most bullish analyst values Curis at US$26.00 per share, while the most bearish prices it at US$16.00. This shows there is still a bit of diversity in estimates, but analysts don't appear to be totally split on the stock as though it might be a success or failure situation.
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. It's also worth noting that the years of declining revenue look to have come to an end, with the forecast stauing flat to the end of 2025. Historically, Curis' top line has shrunk approximately 1.1% annually over the past five years. By contrast, our data suggests that other companies (with analyst coverage) in a similar industry are forecast to see their revenue grow 20% per year. So it's pretty clear that, although revenues are improving, Curis is still expected to grow slower than the industry.