1stdibs.Com, Inc. (NASDAQ:DIBS) investors will be delighted, with the company turning in some strong numbers with its latest results. 1stdibs.Com beat expectations with revenues of US$22m arriving 3.6% ahead of forecasts. The company also reported a statutory loss of US$0.08, 5.9% smaller than was expected. 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. So we collected the latest post-earnings statutory consensus estimates to see what could be in store for next year.

Following the latest results, 1stdibs.Com's three analysts are now forecasting revenues of US$88.8m in 2024. This would be a credible 5.0% improvement in revenue compared to the last 12 months. Losses are expected to be contained, narrowing 18% from last year to US$0.37. Yet prior to the latest earnings, the analysts had been forecasting revenues of US$85.7m and losses of US$0.39 per share in 2024. It looks like there's been a modest increase in sentiment in the recent updates, with the analysts becoming a bit more optimistic in their predictions for both revenues and losses per share.

It will come as no surprise to learn thatthe analysts have increased their price target for 1stdibs.Com 33% to US$8.00on the back of these upgrades.

One way to get more context on these forecasts is to look at how they compare to both past performance, and how other companies in the same industry are performing. One thing stands out from these estimates, which is that 1stdibs.Com is forecast to grow faster in the future than it has in the past, with revenues expected to display 6.7% annualised growth until the end of 2024. If achieved, this would be a much better result than the 4.8% annual decline over the past three years. By contrast, our data suggests that other companies (with analyst coverage) in a similar industry are forecast to see their revenue grow 10% per year. So although 1stdibs.Com's revenue growth is expected to improve, it is still expected to grow slower than the industry.

The Bottom Line

The most important thing to take away is that the analysts reconfirmed their loss per share estimates for next year. Fortunately, they also upgraded their revenue estimates, although our data indicates it is expected to perform worse than the wider industry. We note an upgrade to the price target, suggesting that the analysts believes the intrinsic value of the business is likely to improve over time.

With that said, the long-term trajectory of the company's earnings is a lot more important than next year. At Simply Wall St, we have a full range of analyst estimates for 1stdibs.Com going out to 2025, and you can see them free on our platform here..

That said, it's still necessary to consider the ever-present spectre of investment risk. We've identified 1 warning sign with 1stdibs.Com , and understanding this should be part of your investment process.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.