It's been a pretty great week for TeamViewer SE (ETR:TMV) shareholders, with its shares surging 18% to €12.88 in the week since its latest half-yearly results. TeamViewer reported €326m in revenue, roughly in line with analyst forecasts, although statutory earnings per share (EPS) of €0.16 beat expectations, being 6.4% higher than what the analysts expected. 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.

Check out our latest analysis for TeamViewer

Taking into account the latest results, the most recent consensus for TeamViewer from 13 analysts is for revenues of €671.0m in 2024. If met, it would imply a modest 3.7% increase on its revenue over the past 12 months. Statutory earnings per share are predicted to increase 2.4% to €0.68. Before this earnings report, the analysts had been forecasting revenues of €670.5m and earnings per share (EPS) of €0.69 in 2024. The consensus analysts don't seem to have seen anything in these results that would have changed their view on the business, given there's been no major change to their estimates.

The analysts reconfirmed their price target of €15.85, showing that the business is executing well and in line with expectations. Fixating on a single price target can be unwise though, since the consensus target is effectively the average of analyst price targets. As a result, some investors like to look at the range of estimates to see if there are any diverging opinions on the company's valuation. Currently, the most bullish analyst values TeamViewer at €19.00 per share, while the most bearish prices it at €13.00. As you can see, analysts are not all in agreement on the stock's future, but the range of estimates is still reasonably narrow, which could suggest that the outcome is not totally unpredictable.

Of course, another way to look at these forecasts is to place them into context against the industry itself. It's pretty clear that there is an expectation that TeamViewer's revenue growth will slow down substantially, with revenues to the end of 2024 expected to display 7.6% growth on an annualised basis. This is compared to a historical growth rate of 12% over the past five years. By way of comparison, the other companies in this industry with analyst coverage are forecast to grow their revenue at 10% per year. So it's pretty clear that, while revenue growth is expected to slow down, the wider industry is also expected to grow faster than TeamViewer.