It's been a mediocre week for PSQ Holdings, Inc. (NYSE:PSQH) shareholders, with the stock dropping 16% to US$2.46 in the week since its latest third-quarter results. The statutory results were mixed overall, with revenues of US$6.5m in line with analyst forecasts, but losses of US$0.41 per share, some 2.5% larger than the analyst was predicting. The analyst 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. So we collected the latest post-earnings statutory consensus estimate to see what could be in store for next year.

Following the latest results, PSQ Holdings' solitary analyst are now forecasting revenues of US$36.7m in 2025. This would be a sizeable 96% improvement in revenue compared to the last 12 months. Losses are expected to be contained, narrowing 10% from last year to US$1.17. Yet prior to the latest earnings, the analyst had been forecasting revenues of US$36.0m and losses of US$1.49 per share in 2025. While the revenue estimates were largely unchanged, sentiment seems to have improved, with the analyst upgrading their numbers and making a considerable decrease in losses per share in particular.

The consensus price target fell 30% to US$3.50despite the forecast for smaller losses next year. It looks like the ongoing lack of profitability is starting to weigh on valuations.

These estimates are interesting, but it can be useful to paint some more broad strokes when seeing how forecasts compare, both to the PSQ Holdings' past performance and to peers in the same industry. We would highlight that PSQ Holdings' revenue growth is expected to slow, with the forecast 71% annualised growth rate until the end of 2025 being well below the historical 113% p.a. growth over the last three years. Juxtapose this against the other companies in the industry with analyst coverage, which are forecast to grow their revenues (in aggregate) 11% per year. So it's pretty clear that, while PSQ Holdings' 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 the analyst reconfirmed their loss per share estimates for next year. 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. The consensus price target fell measurably, with the analyst seemingly not reassured by the latest results, leading to a lower estimate of PSQ Holdings' future valuation.

With that said, the long-term trajectory of the company's earnings is a lot more important than next year. We have analyst estimates for PSQ Holdings going out as far as 2025, and you can see them free on our platform here.

Don't forget that there may still be risks. For instance, we've identified 3 warning signs for PSQ Holdings that 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.