It's been a good week for Team17 Group PLC (LON:TM17) shareholders, because the company has just released its latest half-yearly results, and the shares gained 7.5% to UK£7.20. It was a workmanlike result, with revenues of UK£39m coming in 7.7% ahead of expectations, and statutory earnings per share of UK£0.13, in line with analyst appraisals. 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.

See our latest analysis for Team17 Group

After the latest results, the eleven analysts covering Team17 Group are now predicting revenues of UK£74.0m in 2020. If met, this would reflect a reasonable 5.5% improvement in sales compared to the last 12 months. Statutory per share are forecast to be UK£0.15, approximately in line with the last 12 months. Yet prior to the latest earnings, the analysts had been anticipated revenues of UK£70.6m and earnings per share (EPS) of UK£0.14 in 2020. It looks like there's been a modest increase in sentiment following the latest results, withthe analysts becoming a bit more optimistic in their predictions for both revenues and earnings.

With these upgrades, we're not surprised to see that the analysts have lifted their price target 11% to UK£6.66per share. It could also be instructive to look at the range of analyst estimates, to evaluate how different the outlier opinions are from the mean. There are some variant perceptions on Team17 Group, with the most bullish analyst valuing it at UK£8.00 and the most bearish at UK£3.90 per share. This is a fairly broad spread of estimates, suggesting that analysts are forecasting a wide range of possible outcomes for the business.

These estimates are interesting, but it can be useful to paint some more broad strokes when seeing how forecasts compare, both to the Team17 Group's past performance and to peers in the same industry. We would highlight that Team17 Group's revenue growth is expected to slow, with forecast 5.5% increase next year well below the historical 21% growth over the last year. Compare this against other companies (with analyst forecasts) in the industry, which are in aggregate expected to see revenue growth of 11% next year. So it's pretty clear that, while revenue growth is expected to slow down, the wider industry is also expected to grow faster than Team17 Group.