Earnings Beat: Viant Technology Inc. Just Beat Analyst Forecasts, And Analysts Have Been Updating Their Models

Viant Technology Inc. (NASDAQ:DSP) just released its third-quarter report and things are looking bullish. It was a solid earnings report, with revenues and statutory earnings per share (EPS) both coming in strong. Revenues were 16% higher than the analysts had forecast, at US$80m, while EPS were US$0.09 beating analyst models by 89%. Following the result, the analysts have updated their earnings model, and it would be good to know whether they think there's been a strong change in the company's prospects, or if it's business as usual. With this in mind, we've gathered the latest statutory forecasts to see what the analysts are expecting for next year.

Check out our latest analysis for Viant Technology

Taking into account the latest results, the most recent consensus for Viant Technology from six analysts is for revenues of US$317.2m in 2025. If met, it would imply a huge 20% increase on its revenue over the past 12 months. Statutory earnings per share are predicted to leap 266% to US$0.28. Before this earnings report, the analysts had been forecasting revenues of US$298.2m and earnings per share (EPS) of US$0.18 in 2025. So it seems there's been a definite increase in optimism about Viant Technology's future following the latest results, with a considerable lift to the earnings per share forecasts in particular.

With these upgrades, we're not surprised to see that the analysts have lifted their price target 44% to US$18.50per share. There's another way to think about price targets though, and that's to look at the range of price targets put forward by analysts, because a wide range of estimates could suggest a diverse view on possible outcomes for the business. There are some variant perceptions on Viant Technology, with the most bullish analyst valuing it at US$22.00 and the most bearish at US$17.00 per share. Even so, with a relatively close grouping of estimates, it looks like the analysts are quite confident in their valuations, suggesting Viant Technology is an easy business to forecast or the the analysts are all using similar assumptions.

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. The analysts are definitely expecting Viant Technology's growth to accelerate, with the forecast 16% annualised growth to the end of 2025 ranking favourably alongside historical growth of 8.6% per annum over the past five years. Compare this with other companies in the same industry, which are forecast to grow their revenue 12% annually. It seems obvious that, while the growth outlook is brighter than the recent past, the analysts also expect Viant Technology to grow faster than the wider industry.

The Bottom Line

The biggest takeaway for us is the consensus earnings per share upgrade, which suggests a clear improvement in sentiment around Viant Technology's earnings potential next year. Happily, they also upgraded their revenue estimates, and are forecasting them to grow faster 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 Viant Technology going out to 2026, and you can see them free on our platform here.

We also provide an overview of the Viant Technology Board and CEO remuneration and length of tenure at the company, and whether insiders have been buying the stock, 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.