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National Bank Holdings Corporation (NYSE:NBHC) defied analyst predictions to release its third-quarter results, which were ahead of market expectations. It was overall a positive result, with revenues beating expectations by 2.7% to hit US$108m. National Bank Holdings reported statutory earnings per share (EPS) US$0.86, which was a notable 16% above what the analysts had forecast. 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. We thought readers would find it interesting to see the analysts latest (statutory) post-earnings forecasts for next year.
Check out our latest analysis for National Bank Holdings
Taking into account the latest results, the current consensus from National Bank Holdings' five analysts is for revenues of US$450.2m in 2025. This would reflect a solid 12% increase on its revenue over the past 12 months. Statutory per share are forecast to be US$3.29, approximately in line with the last 12 months. In the lead-up to this report, the analysts had been modelling revenues of US$442.4m and earnings per share (EPS) of US$3.22 in 2025. The analysts seems to have become more bullish on the business, judging by their new earnings per share estimates.
There's been no major changes to the consensus price target of US$49.00, suggesting that the improved earnings per share outlook is not enough to have a long-term positive impact on the stock's valuation. It could also be instructive to look at the range of analyst estimates, to evaluate how different the outlier opinions are from the mean. Currently, the most bullish analyst values National Bank Holdings at US$53.00 per share, while the most bearish prices it at US$45.00. Still, with such a tight range of estimates, it suggeststhe analysts have a pretty good idea of what they think the company is worth.
Of course, another way to look at these forecasts is to place them into context against the industry itself. We can infer from the latest estimates that forecasts expect a continuation of National Bank Holdings'historical trends, as the 9.6% annualised revenue growth to the end of 2025 is roughly in line with the 8.2% annual growth over the past five years. Compare this with the broader industry, which analyst estimates (in aggregate) suggest will see revenues grow 6.6% annually. So it's pretty clear that National Bank Holdings is forecast to grow substantially faster than its industry.