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Last week, you might have seen that enCore Energy Corp. (CVE:EU) released its third-quarter result to the market. The early response was not positive, with shares down 2.9% to CA$5.06 in the past week. Revenues of US$9.6m beat expectations by a respectable 9.7%, although statutory losses per share increased. enCore Energy lost US$0.10, which was 417% more than what the analysts had included in their models. 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. Readers will be glad to know we've aggregated the latest statutory forecasts to see whether the analysts have changed their mind on enCore Energy after the latest results.
Check out our latest analysis for enCore Energy
Following the latest results, enCore Energy's three analysts are now forecasting revenues of US$103.2m in 2025. This would be a substantial 130% improvement in revenue compared to the last 12 months. Earnings are expected to improve, with enCore Energy forecast to report a statutory profit of US$0.13 per share. Yet prior to the latest earnings, the analysts had been anticipated revenues of US$104.9m and earnings per share (EPS) of US$0.12 in 2025. The analysts seems to have become more bullish on the business, judging by their new earnings per share estimates.
The consensus price target was unchanged at CA$8.00, implying that the improved earnings outlook is not expected to have a long term impact on value creation for shareholders. 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 enCore Energy analyst has a price target of CA$10.00 per share, while the most pessimistic values it at CA$7.00. These price targets show that analysts do have some differing views on the business, but the estimates do not vary enough to suggest to us that some are betting on wild success or utter failure.
One way to get more context on these forecasts is to look at how they compare to both past performance, and how other companies in the same industry are performing. The period to the end of 2025 brings more of the same, according to the analysts, with revenue forecast to display 94% growth on an annualised basis. That is in line with its 100% annual growth over the past five years. Compare this with the broader industry, which analyst estimates (in aggregate) suggest will see revenues grow 1.7% annually. So although enCore Energy is expected to maintain its revenue growth rate, it's definitely expected to grow faster than the wider industry.