The analysts might have been a bit too bullish on PWR Holdings Limited (ASX:PWH), given that the company fell short of expectations when it released its full-year results last week. PWR Holdings missed analyst forecasts, with revenues of AU$139m and statutory earnings per share (EPS) of AU$0.25, falling short by 2.8% and 7.8% respectively. 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 PWR Holdings

Taking into account the latest results, the consensus forecast from PWR Holdings' ten analysts is for revenues of AU$156.4m in 2025. This reflects a solid 12% improvement in revenue compared to the last 12 months. Statutory earnings per share are expected to decrease 7.1% to AU$0.23 in the same period. Yet prior to the latest earnings, the analysts had been anticipated revenues of AU$169.1m and earnings per share (EPS) of AU$0.32 in 2025. From this we can that sentiment has definitely become more bearish after the latest results, leading to lower revenue forecasts and a large cut to earnings per share estimates.

It'll come as no surprise then, to learn that the analysts have cut their price target 8.8% to AU$11.04. There's another way to think about price targets though, and that's to look at the range of price targets put forward by analysts, because a wide range of estimates could suggest a diverse view on possible outcomes for the business. Currently, the most bullish analyst values PWR Holdings at AU$13.15 per share, while the most bearish prices it at AU$8.91. There are definitely some different views on the stock, but the range of estimates is not wide enough as to imply that the situation is unforecastable, in our view.

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 would highlight that PWR Holdings' revenue growth is expected to slow, with the forecast 12% annualised growth rate until the end of 2025 being well below the historical 17% p.a. growth over the last five years. Juxtapose this against the other companies in the industry with analyst coverage, which are forecast to grow their revenues (in aggregate) 8.9% per year. Even after the forecast slowdown in growth, it seems obvious that PWR Holdings is also expected to grow faster than the wider industry.