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It's been a sad week for PBF Energy Inc. (NYSE:PBF), who've watched their investment drop 17% to US$23.20 in the week since the company reported its annual result. Revenue hit US$33b in line with forecasts, although the company reported a statutory loss per share of US$4.60 that was somewhat smaller than the analysts expected. 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 gathered the latest post-earnings forecasts to see what estimates suggest is in store for next year.
View our latest analysis for PBF Energy
Following the recent earnings report, the consensus from 13 analysts covering PBF Energy is for revenues of US$28.8b in 2025. This implies an uncomfortable 13% decline in revenue compared to the last 12 months. The loss per share is expected to greatly reduce in the near future, narrowing 33% to US$3.13. Before this earnings announcement, the analysts had been modelling revenues of US$32.2b and losses of US$0.92 per share in 2025. So there's been quite a change-up of views after the recent consensus updates, withthe analysts making a serious cut to their revenue outlook while also expecting losses per share to increase.
The consensus price target fell 9.1% to US$26.85, with the analysts clearly concerned about the company following the weaker revenue and earnings outlook. 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 PBF Energy at US$35.00 per share, while the most bearish prices it at US$19.00. Analysts definitely have varying views on the business, but the spread of estimates is not wide enough in our view to suggest that extreme outcomes could await PBF Energy shareholders.
Of course, another way to look at these forecasts is to place them into context against the industry itself. We would highlight that revenue is expected to reverse, with a forecast 13% annualised decline to the end of 2025. That is a notable change from historical growth of 15% over the last five years. By contrast, our data suggests that other companies (with analyst coverage) in the same industry are forecast to see their revenue grow 4.5% annually for the foreseeable future. So although its revenues are forecast to shrink, this cloud does not come with a silver lining - PBF Energy is expected to lag the wider industry.