Boot Barn Holdings, Inc. (NYSE:BOOT) Just Released Its Second-Quarter Results And Analysts Are Updating Their Estimates

There's been a major selloff in Boot Barn Holdings, Inc. (NYSE:BOOT) shares in the week since it released its quarterly report, with the stock down 22% to US$127. Results were roughly in line with estimates, with revenues of US$426m and statutory earnings per share of US$0.95. The analysts typically update their forecasts at each earnings report, and we can judge from their estimates whether their view of the company has changed or if there are any new concerns to be aware of. We've gathered the most recent statutory forecasts to see whether the analysts have changed their earnings models, following these results.

View our latest analysis for Boot Barn Holdings

Following the latest results, Boot Barn Holdings' 14 analysts are now forecasting revenues of US$1.89b in 2025. This would be a modest 7.8% improvement in revenue compared to the last 12 months. Per-share earnings are expected to accumulate 9.2% to US$5.49. Before this earnings report, the analysts had been forecasting revenues of US$1.87b and earnings per share (EPS) of US$5.45 in 2025. The consensus analysts don't seem to have seen anything in these results that would have changed their view on the business, given there's been no major change to their estimates.

The analysts reconfirmed their price target of US$177, showing that the business is executing well and in line with expectations. That's not the only conclusion we can draw from this data however, as some investors also like to consider the spread in estimates when evaluating analyst price targets. Currently, the most bullish analyst values Boot Barn Holdings at US$195 per share, while the most bearish prices it at US$155. The narrow spread of estimates could suggest that the business' future is relatively easy to value, or thatthe analysts have a strong view on its prospects.

These estimates are interesting, but it can be useful to paint some more broad strokes when seeing how forecasts compare, both to the Boot Barn Holdings' past performance and to peers in the same industry. We can infer from the latest estimates that forecasts expect a continuation of Boot Barn Holdings'historical trends, as the 16% annualised revenue growth to the end of 2025 is roughly in line with the 18% annual growth over the past five years. By contrast, our data suggests that other companies (with analyst coverage) in a similar industry are forecast to see their revenues grow 4.8% per year. So it's pretty clear that Boot Barn Holdings is forecast to grow substantially faster than its industry.

The Bottom Line

The most obvious conclusion is that there's been no major change in the business' prospects in recent times, with the analysts holding their earnings forecasts steady, in line with previous estimates. Fortunately, they also reconfirmed their revenue numbers, suggesting that it's tracking in line with expectations. Additionally, our data suggests that revenue is expected to grow faster than the wider industry. There was no real change to the consensus price target, suggesting that the intrinsic value of the business has not undergone any major changes with the latest estimates.

Keeping that in mind, we still think that the longer term trajectory of the business is much more important for investors to consider. At Simply Wall St, we have a full range of analyst estimates for Boot Barn Holdings going out to 2027, and you can see them free on our platform here..

Another thing to consider is whether management and directors have been buying or selling stock recently. We provide an overview of all open market stock trades for the last twelve months on our platform, here.

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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.