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PSQ Holdings, Inc. (NYSE:PSQH) last week reported its latest full-year results, which makes it a good time for investors to dive in and see if the business is performing in line with expectations. It was a pretty bad result overall; while revenues were in line with expectations at US$23m, statutory losses exploded to US$1.80 per share. The analyst 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. So we collected the latest post-earnings statutory consensus estimate to see what could be in store for next year.
View our latest analysis for PSQ Holdings
Following the latest results, PSQ Holdings' single analyst are now forecasting revenues of US$42.2m in 2025. This would be a major 82% improvement in revenue compared to the last 12 months. Losses are predicted to fall substantially, shrinking 28% to US$0.97. Before this earnings announcement, the analyst had been modelling revenues of US$39.4m and losses of US$0.93 per share in 2025. Overall it looks as though the analyst were a bit mixed on the latest consensus updates. Although there was a nice uplift to revenue, the consensus also made a moderate increase in its losses per share forecasts.
It will come as a surprise to learn that the consensus price target rose 86% to US$6.50, with the analyst clearly more interested in growing revenue, even as losses intensify.
These estimates are interesting, but it can be useful to paint some more broad strokes when seeing how forecasts compare, both to the PSQ Holdings' past performance and to peers in the same industry. We would highlight that PSQ Holdings' revenue growth is expected to slow, with the forecast 82% annualised growth rate until the end of 2025 being well below the historical 105% p.a. growth over the last three years. By way of comparison, the other companies in this industry with analyst coverage are forecast to grow their revenue at 10% annually. So it's pretty clear that, while PSQ Holdings' revenue growth is expected to slow, it's still expected to grow faster than the industry itself.
The Bottom Line
The most important thing to take away is that the analyst increased their loss per share estimates for next year. Pleasantly, they also upgraded their revenue estimates, and their forecasts suggest the business is expected to grow faster than the wider industry. We note an upgrade to the price target, suggesting that the analyst believes the intrinsic value of the business is likely to improve over time.