Investors in Enghouse Systems Limited (TSE:ENGH) had a good week, as its shares rose 4.2% to close at CA$30.61 following the release of its quarterly results. Enghouse Systems reported CA$131m in revenue, roughly in line with analyst forecasts, although statutory earnings per share (EPS) of CA$0.37 beat expectations, being 3.7% higher than what the analysts expected. 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.

View our latest analysis for Enghouse Systems

Taking into account the latest results, the current consensus from Enghouse Systems' three analysts is for revenues of CA$555.5m in 2025. This would reflect a notable 11% increase on its revenue over the past 12 months. Per-share earnings are expected to climb 12% to CA$1.69. Before this earnings report, the analysts had been forecasting revenues of CA$560.6m and earnings per share (EPS) of CA$1.62 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$38.00, 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. There are some variant perceptions on Enghouse Systems, with the most bullish analyst valuing it at CA$43.00 and the most bearish at CA$34.00 per share. The narrow spread of estimates could suggest that the business' future is relatively easy to value, or thatthe analysts have a strong view on its prospects.

These estimates are interesting, but it can be useful to paint some more broad strokes when seeing how forecasts compare, both to the Enghouse Systems' past performance and to peers in the same industry. It's clear from the latest estimates that Enghouse Systems' rate of growth is expected to accelerate meaningfully, with the forecast 8.8% annualised revenue growth to the end of 2025 noticeably faster than its historical growth of 1.5% p.a. over the past five years. Compare this with other companies in the same industry, which are forecast to see revenue growth of 17% annually. It seems obvious that, while the future growth outlook is brighter than the recent past, Enghouse Systems is expected to grow slower than the wider industry.