Analysts Just Made A Major Revision To Their Spire Inc. (NYSE:SR) Revenue Forecasts

One thing we could say about the analysts on Spire Inc. (NYSE:SR) - they aren't optimistic, having just made a major negative revision to their near-term (statutory) forecasts for the organization. Revenue estimates were cut sharply as the analysts signalled a weaker outlook - perhaps a sign that investors should temper their expectations as well.

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After this downgrade, Spire's seven analysts are now forecasting revenues of US$2.6b in 2026. This would be a reasonable 3.2% improvement in sales compared to the last 12 months. Prior to the latest estimates, the analysts were forecasting revenues of US$2.8b in 2026. The forecasts seem less optimistic overall, with the modest decline in revenue estimates in the latest consensus update.

Check out our latest analysis for Spire

There was no particular change to the consensus price target of US$93.72, with Spire's latest outlook seemingly not enough to result in a change of valuation.

These estimates are interesting, but it can be useful to paint some more broad strokes when seeing how forecasts compare, both to the Spire's past performance and to peers in the same industry. We would highlight that Spire's revenue growth is expected to slow, with the forecast 3.2% annualised growth rate until the end of 2026 being well below the historical 5.4% 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 5.2% per year. So it's pretty clear that, while revenue growth is expected to slow down, the wider industry is also expected to grow faster than Spire.

The Bottom Line

The most important thing to take away is that analysts cut their revenue estimates for this year. They also expect company revenue to perform worse than the wider market. Overall, given the drastic downgrade to this year's forecasts, we'd be feeling a little more wary of Spire going forwards.

Want to learn more? We have estimates for Spire from its seven analysts out until 2028, and you can see them free on our platform here.

Of course, seeing company management invest large sums of money in a stock can be just as useful as knowing whether analysts are downgrading their estimates. So you may also wish to search this free list of stocks with high insider ownership.

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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.