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The quarterly results for Horace Mann Educators Corporation (NYSE:HMN) were released last week, making it a good time to revisit its performance. Horace Mann Educators reported US$416m in revenue, roughly in line with analyst forecasts, although statutory earnings per share (EPS) of US$0.92 beat expectations, being 2.2% higher than what the analysts expected. Earnings are an important time for investors, as they can track a company's performance, look at what the analysts are forecasting for next year, and see if there's been a change in sentiment towards the company. Readers will be glad to know we've aggregated the latest statutory forecasts to see whether the analysts have changed their mind on Horace Mann Educators after the latest results.
Following the latest results, Horace Mann Educators' three analysts are now forecasting revenues of US$1.70b in 2025. This would be a reasonable 4.8% improvement in revenue compared to the last 12 months. Per-share earnings are expected to leap 37% to US$3.85. In the lead-up to this report, the analysts had been modelling revenues of US$1.73b and earnings per share (EPS) of US$3.88 in 2025. The consensus analysts don't seem to have seen anything in these results that would have changed their view on the business, given there's been no major change to their estimates.
See our latest analysis for Horace Mann Educators
It will come as no surprise then, to learn that the consensus price target is largely unchanged at US$45.00. 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. The most optimistic Horace Mann Educators analyst has a price target of US$46.00 per share, while the most pessimistic values it at US$44.00. This is a very narrow spread of estimates, implying either that Horace Mann Educators is an easy company to value, or - more likely - the analysts are relying heavily on some key assumptions.
Taking a look at the bigger picture now, one of the ways we can understand these forecasts is to see how they compare to both past performance and industry growth estimates. The analysts are definitely expecting Horace Mann Educators' growth to accelerate, with the forecast 6.4% annualised growth to the end of 2025 ranking favourably alongside historical growth of 4.2% per annum over the past five years. Compare this with other companies in the same industry, which are forecast to grow their revenue 5.2% annually. Factoring in the forecast acceleration in revenue, it's pretty clear that Horace Mann Educators is expected to grow at about the same rate as the wider industry.