As you might know, NV5 Global, Inc. (NASDAQ:NVEE) recently reported its full-year numbers. It was not a great result overall. While revenues of US$941m were in line with analyst predictions, earnings were less than expected, missing statutory estimates by 15% to hit US$0.44 per share. 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. So we gathered the latest post-earnings forecasts to see what estimates suggest is in store for next year.
View our latest analysis for NV5 Global
After the latest results, the seven analysts covering NV5 Global are now predicting revenues of US$1.02b in 2025. If met, this would reflect a solid 8.7% improvement in revenue compared to the last 12 months. Per-share earnings are expected to jump 44% to US$0.62. Yet prior to the latest earnings, the analysts had been anticipated revenues of US$992.5m and earnings per share (EPS) of US$0.71 in 2025. So it's pretty clear the analysts have mixed opinions on NV5 Global after the latest results; even though they upped their revenue numbers, it came at the cost of a real cut to per-share earnings expectations.
The consensus price target was unchanged at US$28.86, suggesting the business is performing roughly in line with expectations, despite some adjustments to profit and revenue forecasts. 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 NV5 Global analyst has a price target of US$41.00 per share, while the most pessimistic values it at US$22.00. Note the wide gap in analyst price targets? This implies to us that there is a fairly broad range of possible scenarios for the underlying business.
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 period to the end of 2025 brings more of the same, according to the analysts, with revenue forecast to display 8.7% growth on an annualised basis. That is in line with its 10% annual growth over the past five years. By contrast, our data suggests that other companies (with analyst coverage) in a similar industry are forecast to see their revenues grow 6.6% per year. So although NV5 Global is expected to maintain its revenue growth rate, it's definitely expected to grow faster than the wider industry.
The biggest concern is that the analysts reduced their earnings per share estimates, suggesting business headwinds could lay ahead for NV5 Global. Happily, they also upgraded their revenue estimates, and are forecasting them to grow faster than the wider industry. There was no real change to the consensus price target, suggesting that the intrinsic value of the business has not undergone any major changes with the latest estimates.
With that in mind, we wouldn't be too quick to come to a conclusion on NV5 Global. Long-term earnings power is much more important than next year's profits. We have estimates - from multiple NV5 Global analysts - going out to 2026, and you can see them free on our platform here.
You should always think about risks though. Case in point, we've spotted 2 warning signs for NV5 Global you should be aware of.
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