Pivotree Inc. Just Beat Analyst Forecasts, And Analysts Have Been Updating Their Predictions

Pivotree Inc. (CVE:PVT) last week reported its latest quarterly results, which makes it a good time for investors to dive in and see if the business is performing in line with expectations. Revenues of CA$15m fell slightly short of expectations, but earnings were a definite bright spot, with statutory per-share profits of CA$0.04 an impressive 100% ahead of estimates. 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.

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After the latest results, the consensus from Pivotree's dual analysts is for revenues of CA$65.4m in 2026, which would reflect a small 6.9% decline in revenue compared to the last year of performance. Statutory per-share earnings are expected to be CA$0.13, roughly flat on the last 12 months. In the lead-up to this report, the analysts had been modelling revenues of CA$69.6m and earnings per share (EPS) of CA$0.037 in 2026. Although the analysts have lowered their revenue forecasts, they've also made a massive increase in their earnings per share estimates, which implies there's been something of an uptick in sentiment following the latest results.

Check out our latest analysis for Pivotree

The analysts have cut their price target 5.3% to CA$2.25per share, suggesting that the declining revenue was a more crucial indicator than the expected improvement in earnings.

Of course, another way to look at these forecasts is to place them into context against the industry itself. We would highlight that revenue is expected to reverse, with a forecast 5.5% annualised decline to the end of 2026. That is a notable change from historical growth of 3.9% over the last five years. Compare this with our data, which suggests that other companies in the same industry are, in aggregate, expected to see their revenue grow 12% per year. So although its revenues are forecast to shrink, this cloud does not come with a silver lining - Pivotree is expected to lag the wider industry.

The Bottom Line

The most important thing here is that the analysts upgraded their earnings per share estimates, suggesting that there has been a clear increase in optimism towards Pivotree following these results. Unfortunately, they also downgraded their revenue estimates, and our data indicates underperformance compared to the wider industry. Even so, earnings per share are more important to the intrinsic value of the business. Even so, earnings per share are more important to the intrinsic value of the business. The consensus price target fell measurably, with the analysts seemingly not reassured by the latest results, leading to a lower estimate of Pivotree's future valuation.

Following on from that line of thought, we think that the long-term prospects of the business are much more relevant than next year's earnings. We have analyst estimates for Pivotree going out as far as 2026, and you can see them free on our platform here.

You still need to take note of risks, for example - Pivotree has 2 warning signs we think you should be aware of.

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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.