Last week saw the newest annual earnings release from GeoPark Limited (NYSE:GPRK), an important milestone in the company's journey to build a stronger business. It was an okay result overall, with revenues coming in at US$394m, roughly what the analysts had been expecting. This is an important time for investors, as they can track a company's performance in its report, look at what experts are forecasting for next year, and see if there has been any change to expectations for the business. So we collected the latest post-earnings statutory consensus estimates to see what could be in store for next year.

Check out our latest analysis for GeoPark

Taking into account the latest results, the consensus forecast from GeoPark's six analysts is for revenues of US$558.1m in 2021, which would reflect a huge 42% improvement in sales compared to the last 12 months. Earnings are expected to improve, with GeoPark forecast to report a statutory profit of US$1.51 per share. Before this earnings report, the analysts had been forecasting revenues of US$545.7m and earnings per share (EPS) of US$0.96 in 2021. So it seems there's been a definite increase in optimism about GeoPark's future following the latest results, with a considerable lift to the earnings per share forecasts in particular.

With these upgrades, we're not surprised to see that the analysts have lifted their price target 5.9% to US$19.84per share. 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. There are some variant perceptions on GeoPark, with the most bullish analyst valuing it at US$25.00 and the most bearish at US$15.50 per share. As you can see, analysts are not all in agreement on the stock's future, but the range of estimates is still reasonably narrow, which could suggest that the outcome is not totally unpredictable.

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. It's clear from the latest estimates that GeoPark's rate of growth is expected to accelerate meaningfully, with the forecast 42% annualised revenue growth to the end of 2021 noticeably faster than its historical growth of 23% p.a. over the past five years. By contrast, our data suggests that other companies (with analyst coverage) in a similar industry are forecast to grow their revenue at 8.9% per year. It seems obvious that, while the growth outlook is brighter than the recent past, the analysts also expect GeoPark to grow faster than the wider industry.