US$16.00: That's What Analysts Think Katapult Holdings, Inc. (NASDAQ:KPLT) Is Worth After Its Latest Results
Last week, you might have seen that Katapult Holdings, Inc. (NASDAQ:KPLT) released its full-year result to the market. The early response was not positive, with shares down 4.5% to US$14.13 in the past week. It was a pretty bad result overall; while revenues were in line with expectations at US$222m, statutory losses exploded to US$9.06 per share. 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. We've gathered the most recent statutory forecasts to see whether the analysts have changed their earnings models, following these results.
See our latest analysis for Katapult Holdings
Taking into account the latest results, the consensus forecast from Katapult Holdings' dual analysts is for revenues of US$243.7m in 2024. This reflects a meaningful 9.7% improvement in revenue compared to the last 12 months. Losses are predicted to fall substantially, shrinking 44% to US$5.08. Before this latest report, the consensus had been expecting revenues of US$247.9m and US$5.12 per share in losses.
The analysts trimmed their valuations, with the average price target falling 5.9% to US$16.00, with the ongoing losses seemingly weighing on sentiment, despite no real changes to the earnings forecasts.
Another way we can view these estimates is in the context of the bigger picture, such as how the forecasts stack up against past performance, and whether forecasts are more or less bullish relative to other companies in the industry. We can infer from the latest estimates that forecasts expect a continuation of Katapult Holdings'historical trends, as the 9.7% annualised revenue growth to the end of 2024 is roughly in line with the 10% annual growth over the past five years. By contrast, our data suggests that other companies (with analyst coverage) in a similar industry are forecast to see their revenues grow 12% per year. So it's pretty clear that Katapult Holdings is expected to grow slower than similar companies in the same industry.
The Bottom Line
The most important thing to take away is that the analysts reconfirmed their loss per share estimates for next year. On the plus side, there were no major changes to revenue estimates; although forecasts imply they will perform worse 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.
With that said, the long-term trajectory of the company's earnings is a lot more important than next year. We have analyst estimates for Katapult Holdings going out as far as 2025, and you can see them free on our platform here.
It is also worth noting that we have found 6 warning signs for Katapult Holdings (2 are concerning!) that you need to take into consideration.
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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.
