It's shaping up to be a tough period for Camplify Holdings Limited (ASX:CHL), which a week ago released some disappointing yearly results that could have a notable impact on how the market views the stock. Revenues missed expectations somewhat, coming in at AU$16m, but statutory earnings fell catastrophically short, with a loss of AU$0.21 some 34% larger than what the analysts had predicted. 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. Readers will be glad to know we've aggregated the latest statutory forecasts to see whether the analysts have changed their mind on Camplify Holdings after the latest results.
After the latest results, the dual analysts covering Camplify Holdings are now predicting revenues of AU$24.8m in 2023. If met, this would reflect a substantial 52% improvement in sales compared to the last 12 months. Losses are predicted to fall substantially, shrinking 48% to AU$0.11. Yet prior to the latest earnings, the analysts had been forecasting revenues of AU$26.0m and losses of AU$0.051 per share in 2023. While this year's revenue estimates dropped there was also a considerable increase to loss per share expectations, suggesting the consensus has a bit of a mixed view on the stock.
The consensus price target fell 26% to AU$3.75, with the analysts clearly concerned about the company following the weaker revenue and earnings outlook.
Of course, another way to look at these forecasts is to place them into context against the industry itself. The period to the end of 2023 brings more of the same, according to the analysts, with revenue forecast to display 52% growth on an annualised basis. That is in line with its 53% annual growth over the past three years. Compare this with the broader industry, which analyst estimates (in aggregate) suggest will see revenues grow 5.6% annually. So it's pretty clear that Camplify Holdings is forecast to grow substantially faster than its industry.
The Bottom Line
The most important thing to note is the forecast of increased losses next year, suggesting all may not be well at Camplify Holdings. They also downgraded their revenue estimates, although industry data suggests that Camplify Holdings' revenues are expected to grow faster than the wider industry. Furthermore, the analysts also cut their price targets, suggesting that the latest news has led to greater pessimism about the intrinsic value of the business.
Following on from that line of thought, we think that the long-term prospects of the business are much more relevant than next year's earnings. At least one analyst has provided forecasts out to 2025, which can be seen for free on our platform here.
Plus, you should also learn about the 2 warning signs we've spotted with Camplify Holdings .
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
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