Newsflash: Seer, Inc. (NASDAQ:SEER) Analysts Have Been Trimming Their Revenue Forecasts

Today is shaping up negative for Seer, Inc. (NASDAQ:SEER) shareholders, with the analysts delivering a substantial negative revision to next year's forecasts. Revenue estimates were cut sharply as analysts signalled a weaker outlook - perhaps a sign that investors should temper their expectations as well.

After this downgrade, Seer's three analysts are now forecasting revenues of US$20m in 2024. This would be a huge 21% improvement in sales compared to the last 12 months. Prior to the latest estimates, the analysts were forecasting revenues of US$28m in 2024. The consensus view seems to have become more pessimistic on Seer, noting the pretty serious reduction to revenue estimates in this update.

See our latest analysis for Seer

Of course, another way to look at these forecasts is to place them into context against the industry itself. We would highlight that Seer's revenue growth is expected to slow, with the forecast 17% annualised growth rate until the end of 2024 being well below the historical 62% 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 3.7% annually. So it's pretty clear that, while Seer'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 analysts cut their revenue estimates for next year. They're also forecasting more rapid revenue growth than the wider market. Overall, given the drastic downgrade to next year's forecasts, we'd be feeling a little more wary of Seer going forwards.

Still got questions? We have estimates for Seer from its three analysts out until 2025, and you can see them free on our platform here.

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