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Spire Inc. (NYSE:SR) just released its latest quarterly report and things are not looking great. It looks like a weak result overall, with both revenues and earnings falling well short of analyst predictions. Revenues of US$1.1b missed by 15%, and statutory earnings per share of US$3.51 fell short of forecasts by 4.2%. Earnings are an important time for investors, as they can track a company's performance, look at what the analysts are forecasting for next year, and see if there's been a change in sentiment towards the company. So we gathered the latest post-earnings forecasts to see what estimates suggest is in store for next year.
Taking into account the latest results, the most recent consensus for Spire from ten analysts is for revenues of US$2.70b in 2025. If met, it would imply a meaningful 11% increase on its revenue over the past 12 months. Per-share earnings are expected to expand 12% to US$4.49. Before this earnings report, the analysts had been forecasting revenues of US$2.67b and earnings per share (EPS) of US$4.50 in 2025. The consensus analysts don't seem to have seen anything in these results that would have changed their view on the business, given there's been no major change to their estimates.
Check out our latest analysis for Spire
There were no changes to revenue or earnings estimates or the price target of US$79.20, suggesting that the company has met expectations in its recent result. That's not the only conclusion we can draw from this data however, as some investors also like to consider the spread in estimates when evaluating analyst price targets. Currently, the most bullish analyst values Spire at US$85.00 per share, while the most bearish prices it at US$69.00. 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. The analysts are definitely expecting Spire's growth to accelerate, with the forecast 24% annualised growth to the end of 2025 ranking favourably alongside historical growth of 7.4% per annum over the past five years. Compare this with other companies in the same industry, which are forecast to grow their revenue 9.1% annually. Factoring in the forecast acceleration in revenue, it's pretty clear that Spire is expected to grow much faster than its industry.