investors in Rewalk Robotics Co., Ltd. (NASDAQ:LFWD) had a strong week after reporting its annual results, with its stock up 6.3% to close at $0.94. Overall, the results were slightly negative. Revenue was 2.4% below analysts' expectations of $14 million, but at least the statutory loss was slightly lower than expected at $0.37 per share. Analysts typically update their forecasts with each earnings report, and we can use their forecasts to determine whether their view of the company has changed or if there are any new concerns to be aware of. . So we've gathered the latest post-earnings statutory consensus forecasts to see what's in store for next year.
Check out our latest analysis for ReWalk Robotics.
Considering the latest results, ReWalk Robotics' sole analyst consensus forecast is for revenue of US$33.1m in 2024. This reflects a significant 139% improvement in revenue compared to the last 12 months. Losses per share are expected to decline significantly in the near term, down 29% to $0.26. However, before the latest results, analysts had been forecasting revenue of US$33.1m and loss per share of US$0.37 in 2024. Earnings estimates were largely unchanged, but sentiment appears to have improved as analysts revised numbers upward. In particular, loss per share decreased significantly.
There was no significant change to the consensus price target of USD 3.00, suggesting that the reduction in loss expectations alone is not enough to have a long-term positive impact on the stock's valuation.
Looking at the bigger picture now, one way to understand these forecasts is to see how they measure up against both past business performance and industry growth estimates. ReWalk Robotics' growth rate is expected to accelerate significantly, with the latest estimates showing that its forecast revenue growth of 139% per annum to the end of 2024 is significantly faster than the 10% annual growth rate over the past five years. In contrast, our data shows that other companies in a similar industry (covered by analysts) are forecast to grow their revenue at 7.8% per year. While the growth outlook is brighter than it has been lately, the analyst seems clear that he expects ReWalk Robotics to grow faster than the industry as a whole.
conclusion
Most importantly, the analysts reaffirmed their loss per share forecasts for next year. Fortunately, they also reaffirmed their revenue numbers, suggesting they're performing in line with expectations. Furthermore, our data suggests that revenue is expected to grow faster than the industry as a whole. The consensus price target remains unchanged at US$3.00, and the latest forecast is not significant enough to impact the target price.
That said, the long-term trajectory of the company's earnings is far more important than next year. His analyst forecasts for ReWalk Robotics to 2026 are available for free on our platform here.
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This article by Simply Wall St is general in nature. We provide commentary using only unbiased methodologies, based on historical data and analyst forecasts, and articles are not intended to be financial advice. This is not a recommendation to buy or sell any stock, and does not take into account your objectives or financial situation. We aim to provide long-term, focused analysis based on fundamental data. Note that our analysis may not factor in the latest announcements or qualitative material from price-sensitive companies. Simply Wall St has no position in any stocks mentioned.
