It's been a pretty great week for WW International, Inc. (NASDAQ:WW) shareholders, with its shares surging 19% to US$2.09 in the week since its latest quarterly results. Revenues of US$207m beat expectations by a respectable 3.6%, although statutory losses per share increased. WW International lost US$4.39, which was 701% more than what the analysts had included in their models. This is an important time for investors, as they can track a company's performance in its report, look at what experts are forecasting for next year, and see if there has been any change to expectations for the business. We thought readers would find it interesting to see the analysts latest (statutory) post-earnings forecasts for next year.

Check out our latest analysis for WW International

Following last week's earnings report, WW International's six analysts are forecasting 2024 revenues to be US$845.3m, approximately in line with the last 12 months. Losses are predicted to fall substantially, shrinking 97% to US$0.12. Yet prior to the latest earnings, the analysts had been forecasting revenues of US$847.0m and losses of US$0.14 per share in 2024. While the revenue estimates were largely unchanged, sentiment seems to have improved, with the analysts upgrading their numbers and making a favorable reduction in losses per share in particular.

The average price target rose 33% to US$8.75, with the analysts signalling that the forecast reduction in losses would be a positive for the stock's valuation. 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. Currently, the most bullish analyst values WW International at US$12.50 per share, while the most bearish prices it at US$4.00. This is a fairly broad spread of estimates, suggesting that analysts are forecasting a wide range of possible outcomes for the business.

These estimates are interesting, but it can be useful to paint some more broad strokes when seeing how forecasts compare, both to the WW International's past performance and to peers in the same industry. We would also point out that the forecast 1.4% annualised revenue decline to the end of 2024 is better than the historical trend, which saw revenues shrink 11% annually over the past five years Compare this against analyst estimates for companies in the broader industry, which suggest that revenues (in aggregate) are expected to grow 11% annually. So it's pretty clear that, while it does have declining revenues, the analysts also expect WW International to suffer worse than the wider 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, the analysts also reconfirmed their revenue estimates, suggesting that it's tracking in line with expectations. Although our data does suggest that WW International's revenue is expected to perform worse than the wider industry. There was also a nice increase in the price target, with the analysts clearly feeling that the intrinsic value of the business is improving.

Keeping that in mind, we still think that the longer term trajectory of the business is much more important for investors to consider. We have forecasts for WW International going out to 2026, and you can see them free on our platform here.

Plus, you should also learn about the 2 warning signs we've spotted with WW International .

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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.