It's been a good week for Worley Limited (ASX:WOR) shareholders, because the company has just released its latest annual results, and the shares gained 7.9% to AU$15.23. Revenues of AU$12b were in line with forecasts, although statutory earnings per share (EPS) came in below expectations at AU$0.57, missing estimates by 8.8%. Following the result, the analysts have updated their earnings model, and it would be good to know whether they think there's been a strong change in the company's prospects, or if it's business as usual. With this in mind, we've gathered the latest statutory forecasts to see what the analysts are expecting for next year.

See our latest analysis for Worley

Taking into account the latest results, the consensus forecast from Worley's twelve analysts is for revenues of AU$12.4b in 2025. This reflects a credible 5.5% improvement in revenue compared to the last 12 months. Per-share earnings are expected to leap 43% to AU$0.82. In the lead-up to this report, the analysts had been modelling revenues of AU$13.0b and earnings per share (EPS) of AU$0.86 in 2025. It's pretty clear that pessimism has reared its head after the latest results, leading to a weaker revenue outlook and a minor downgrade to earnings per share estimates.

Despite the cuts to forecast earnings, there was no real change to the AU$17.30 price target, showing that the analysts don't think the changes have a meaningful impact on its intrinsic value. 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. The most optimistic Worley analyst has a price target of AU$22.00 per share, while the most pessimistic values it at AU$13.50. These price targets show that analysts do have some differing views on the business, but the estimates do not vary enough to suggest to us that some are betting on wild success or utter failure.

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. The analysts are definitely expecting Worley's growth to accelerate, with the forecast 5.5% annualised growth to the end of 2025 ranking favourably alongside historical growth of 3.0% per annum over the past five years. Compare this with other companies in the same industry, which are forecast to grow their revenue 6.4% annually. Factoring in the forecast acceleration in revenue, it's pretty clear that Worley is expected to grow at about the same rate as the wider industry.