It's been a pretty great week for MRC Global Inc. (NYSE:MRC) shareholders, with its shares surging 12% to US$13.64 in the week since its latest quarterly results. Revenues were US$797m, approximately in line with whatthe analysts expected, although statutory earnings per share (EPS) crushed expectations, coming in at US$0.27, an impressive 42% ahead of estimates. 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. With this in mind, we've gathered the latest statutory forecasts to see what the analysts are expecting for next year.

Check out our latest analysis for MRC Global

Following last week's earnings report, MRC Global's four analysts are forecasting 2025 revenues to be US$3.26b, approximately in line with the last 12 months. Per-share earnings are expected to ascend 20% to US$1.06. In the lead-up to this report, the analysts had been modelling revenues of US$3.35b and earnings per share (EPS) of US$1.13 in 2025. It's pretty clear that pessimism has reared its head after the latest results, leading to a weaker revenue outlook and a small dip in earnings per share estimates.

Despite the cuts to forecast earnings, there was no real change to the US$16.75 price target, showing that the analysts don't think the changes have a meaningful impact on its intrinsic value. The consensus price target is just an average of individual analyst targets, so - it could be handy to see how wide the range of underlying estimates is. Currently, the most bullish analyst values MRC Global at US$17.00 per share, while the most bearish prices it at US$16.00. With such a narrow range of valuations, the analysts apparently share similar views on what they think the business is worth.

Another way we can view these estimates is in the context of the bigger picture, such as how the forecasts stack up against past performance, and whether forecasts are more or less bullish relative to other companies in the industry. We can infer from the latest estimates that forecasts expect a continuation of MRC Global'shistorical trends, as the 1.3% annualised revenue growth to the end of 2025 is roughly in line with the 1.5% annual growth over the past five years. Compare this with the broader industry (in aggregate), which analyst estimates suggest will see revenues grow 5.4% annually. So it's pretty clear that MRC Global is expected to grow slower than similar companies in the same industry.