Analysts Have Been Trimming Their Fluent, Inc. (NASDAQ:FLNT) Price Target After Its Latest Report

Fluent, Inc. (NASDAQ:FLNT) just released its latest yearly results and things are looking bullish. Results overall were credible, with revenues arriving 3.0% better than analyst forecasts at US$329m. Higher revenues also resulted in lower statutory losses, which were US$0.13 per share, some 3.0% smaller than the analysts expected. 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. With this in mind, we've gathered the latest statutory forecasts to see what the analysts are expecting for next year.

View our latest analysis for Fluent

Taking into account the latest results, the most recent consensus for Fluent from dual analysts is for revenues of US$347.6m in 2022 which, if met, would be a satisfactory 5.6% increase on its sales over the past 12 months. Earnings are expected to improve, with Fluent forecast to report a statutory profit of US$0.095 per share. In the lead-up to this report, the analysts had been modelling revenues of US$347.6m and earnings per share (EPS) of US$0.095 in 2022. So it's pretty clear that, although the analysts have updated their estimates, there's been no major change in expectations for the business following the latest results.

With no major changes to earnings forecasts, the consensus price target fell 29% to US$5.00, suggesting that the analysts might have previously been hoping for an earnings upgrade.

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. We would highlight that Fluent's revenue growth is expected to slow, with the forecast 5.6% annualised growth rate until the end of 2022 being well below the historical 11% p.a. growth over the last five years. By way of comparison, the other companies in this industry with analyst coverage are forecast to grow their revenue at 4.0% annually. So it's pretty clear that, while Fluent's revenue growth is expected to slow, it's still expected to grow faster than the industry itself.

The Bottom Line

The most important thing to take away is that there's been no major change in sentiment, with the analysts reconfirming that the business is performing in line with their previous earnings per share estimates. Fortunately, they also reconfirmed their revenue numbers, suggesting sales are tracking in line with expectations - and our data suggests that revenues are expected to grow faster than the wider industry. Furthermore, the analysts also cut their price targets, suggesting that the latest news has led to greater pessimism about the intrinsic value of the business.

With that said, the long-term trajectory of the company's earnings is a lot more important than next year. At least one analyst has provided forecasts out to 2024, which can be seen for free on our platform here.

It is also worth noting that we have found 2 warning signs for Fluent that you need to take into consideration.

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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.