Last week, you might have seen that Dialog Group Berhad (KLSE:DIALOG) released its full-year result to the market. The early response was not positive, with shares down 2.2% to RM2.21 in the past week. Results overall were respectable, with statutory earnings of RM0.09 per share roughly in line with what the analysts had forecast. Revenues of RM3.0b came in 9.8% ahead of analyst predictions. 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 thought readers would find it interesting to see the analysts latest (statutory) post-earnings forecasts for next year.

Check out our latest analysis for Dialog Group Berhad

Taking into account the latest results, Dialog Group Berhad's 14 analysts currently expect revenues in 2024 to be RM2.95b, approximately in line with the last 12 months. Per-share earnings are expected to rise 5.8% to RM0.096. Before this earnings report, the analysts had been forecasting revenues of RM2.91b and earnings per share (EPS) of RM0.10 in 2024. So it looks like there's been a small decline in overall sentiment after the recent results - there's been no major change to revenue estimates, but the analysts did make a minor downgrade to their earnings per share forecasts.

It might be a surprise to learn that the consensus price target was broadly unchanged at RM2.98, with the analysts clearly implying that the forecast decline in earnings is not expected to have much of an impact on 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. The most optimistic Dialog Group Berhad analyst has a price target of RM4.90 per share, while the most pessimistic values it at RM2.00. 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.

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. One thing that stands out from these estimates is that revenues are expected to keep falling until the end of 2024, roughly in line with the historical decline of 1.6% per annum 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 shrink 3.3% per year. So it's pretty clear that, although revenues are shrinking, at least Dialog Group Berhad'sthey are expected to decline at a slower rate than the wider industry.