Gilat Satellite Networks Ltd. Just Recorded A 133% EPS Beat: Here's What Analysts Are Forecasting Next

Gilat Satellite Networks Ltd. (NASDAQ:GILT) just released its quarterly report and things are looking bullish. The company beat forecasts, with revenue of US$118m, some 4.0% above estimates, and statutory earnings per share (EPS) coming in at US$0.14, 133% ahead of expectations. 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. Readers will be glad to know we've aggregated the latest statutory forecasts to see whether the analysts have changed their mind on Gilat Satellite Networks after the latest results.

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Taking into account the latest results, the most recent consensus for Gilat Satellite Networks from four analysts is for revenues of US$503.8m in 2026. If met, it would imply a huge 28% increase on its revenue over the past 12 months. Statutory earnings per share are predicted to surge 25% to US$0.46. In the lead-up to this report, the analysts had been modelling revenues of US$501.6m and earnings per share (EPS) of US$0.48 in 2026. So it looks like there's been a small decline in overall sentiment after the recent results - there's been no major change to revenue estimates, but the analysts did make a minor downgrade to their earnings per share forecasts.

See our latest analysis for Gilat Satellite Networks

Althoughthe analysts have revised their earnings forecasts for next year, they've also lifted the consensus price target 23% to US$13.50, suggesting the revised estimates are not indicative of a weaker long-term future for the business. The consensus price target is just an average of individual analyst targets, so - it could be handy to see how wide the range of underlying estimates is. The most optimistic Gilat Satellite Networks analyst has a price target of US$16.00 per share, while the most pessimistic values it at US$11.00. This shows there is still a bit of diversity in estimates, but analysts don't appear to be totally split on the stock as though it might be a success or failure situation.

These estimates are interesting, but it can be useful to paint some more broad strokes when seeing how forecasts compare, both to the Gilat Satellite Networks' past performance and to peers in the same industry. It's clear from the latest estimates that Gilat Satellite Networks' rate of growth is expected to accelerate meaningfully, with the forecast 22% annualised revenue growth to the end of 2026 noticeably faster than its historical growth of 15% p.a. over the past five years. By contrast, our data suggests that other companies (with analyst coverage) in a similar industry are forecast to grow their revenue at 10% per year. It seems obvious that, while the growth outlook is brighter than the recent past, the analysts also expect Gilat Satellite Networks to grow faster than the wider industry.

The Bottom Line

The most important thing to take away is that the analysts downgraded their earnings per share estimates, showing that there has been a clear decline in sentiment following these results. Happily, there were no major changes to revenue forecasts, with the business still expected 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 estimates - from multiple Gilat Satellite Networks analysts - going out to 2027, and you can see them free on our platform here.

You should always think about risks though. Case in point, we've spotted 1 warning sign for Gilat Satellite Networks 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.