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The quarterly results for Finward Bancorp (NASDAQ:FNWD) were released last week, making it a good time to revisit its performance. Revenues US$16m disappointed slightly, at4.4% below what the analysts had predicted. Profits were a relative bright spot, with statutory per-share earnings of US$0.11 coming in 16% above what was anticipated. 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. With this in mind, we've gathered the latest statutory forecasts to see what the analysts are expecting for next year.
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Taking into account the latest results, the current consensus from Finward Bancorp's twin analysts is for revenues of US$68.2m in 2025. This would reflect a decent 11% increase on its revenue over the past 12 months. Statutory earnings per share are predicted to surge 39% to US$1.06. Before this earnings report, the analysts had been forecasting revenues of US$68.4m and earnings per share (EPS) of US$1.07 in 2025. So it's pretty clear that, although the analysts have updated their estimates, there's been no major change in expectations for the business following the latest results.
See our latest analysis for Finward Bancorp
The consensus price target rose 6.5% to US$33.00despite there being no meaningful change to earnings estimates. It could be that the analystsare reflecting the predictability of Finward Bancorp's earnings by assigning a price premium.
Of course, another way to look at these forecasts is to place them into context against the industry itself. It's clear from the latest estimates that Finward Bancorp's rate of growth is expected to accelerate meaningfully, with the forecast 15% annualised revenue growth to the end of 2025 noticeably faster than its historical growth of 4.4% 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 7.1% per year. Factoring in the forecast acceleration in revenue, it's pretty clear that Finward Bancorp is expected to grow much faster than its industry.
The Bottom Line
The most obvious conclusion is that there's been no major change in the business' prospects in recent times, with the analysts holding their earnings forecasts steady, in line with previous estimates. Happily, there were no major changes to revenue forecasts, with the business still expected to grow faster than the wider industry. There was also a nice increase in the price target, with the analysts clearly feeling that the intrinsic value of the business is improving.