Last week, you might have seen that Kraken Robotics Inc. (CVE:PNG) released its quarterly result to the market. The early response was not positive, with shares down 8.2% to CA$3.46 in the past week. Revenues of CA$26m beat analyst forecasts by6.6%, while the business broke even in terms of statutory earnings per share (EPS). 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.
After the latest results, the seven analysts covering Kraken Robotics are now predicting revenues of CA$123.0m in 2025. If met, this would reflect a sizeable 36% improvement in revenue compared to the last 12 months. Statutory earnings per share are forecast to descend 14% to CA$0.042 in the same period. Before this earnings report, the analysts had been forecasting revenues of CA$123.8m and earnings per share (EPS) of CA$0.058 in 2025. The analysts seem to have become more bearish following the latest results. While there were no changes to revenue forecasts, there was a pretty serious reduction to EPS estimates.
Check out our latest analysis for Kraken Robotics
Despite cutting their earnings forecasts,the analysts have lifted their price target 5.3% to CA$4.25, suggesting that these impacts are not expected to weigh on the stock’s value in the long term. The consensus price target is just an average of individual analyst targets, so – it could be handy to see how wide the range of underlying estimates is. Currently, the most bullish analyst values Kraken Robotics at CA$5.00 per share, while the most bearish prices it at CA$3.25. This shows there is still a bit of diversity in estimates, but analysts don’t appear to be totally split on the stock as though it might be a success or failure situation.
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. It’s clear from the latest estimates that Kraken Robotics’ rate of growth is expected to accelerate meaningfully, with the forecast 86% annualised revenue growth to the end of 2025 noticeably faster than its historical growth of 40% p.a. over the past five years. Compare this with other companies in the same industry, which are forecast to grow their revenue 15% annually. Factoring in the forecast acceleration in revenue, it’s pretty clear that Kraken Robotics is expected to grow much faster than its industry.
