A week ago, WM Technology, Inc. (NASDAQ:MAPS) came out with a strong set of third-quarter numbers that could potentially lead to a re-rate of the stock. The company beat forecasts, with revenue of US$47m, some 5.8% above estimates, and statutory earnings per share (EPS) coming in at US$0.03, 50% ahead of expectations. The analyst typically update their forecasts at each earnings report, and we can judge from their estimates whether their view of the company has changed or if there are any new concerns to be aware of. With this in mind, we've gathered the latest statutory forecasts to see what the analyst is expecting for next year.

See our latest analysis for WM Technology

Taking into account the latest results, the most recent consensus for WM Technology from sole analyst is for revenues of US$196.0m in 2025. If met, it would imply a satisfactory 6.9% increase on its revenue over the past 12 months. Earnings are expected to improve, with WM Technology forecast to report a statutory profit of US$0.16 per share. In the lead-up to this report, the analyst had been modelling revenues of US$189.5m and earnings per share (EPS) of US$0.14 in 2025. There's been a pretty noticeable increase in sentiment, with the analyst upgrading revenues and making a nice increase in earnings per share in particular.

As a result, it might be a surprise to see thatthe analyst has cut their price target 26% to US$2.61, which could suggest the forecast improvement in performance is not expected to last.

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 WM Technology's rate of growth is expected to accelerate meaningfully, with the forecast 5.5% annualised revenue growth to the end of 2025 noticeably faster than its historical growth of 4.1% p.a. over the past five years. Compare this with other companies in the same industry, which are forecast to see revenue growth of 12% annually. So it's clear that despite the acceleration in growth, WM Technology is expected to grow meaningfully slower than the industry average.

The Bottom Line

The most important thing here is that the analyst upgraded their earnings per share estimates, suggesting that there has been a clear increase in optimism towards WM Technology following these results. They also upgraded their revenue estimates for next year, even though it is expected to grow slower than the wider industry. The consensus price target fell measurably, with the analyst seemingly not reassured by the latest results, leading to a lower estimate of WM Technology's future valuation.