Last week, you might have seen that Brookdale Senior Living Inc. (NYSE:BKD) released its quarterly result to the market. The early response was not positive, with shares down 4.8% to US$6.81 in the past week. Revenues came in at US$778m, in line with expectations, while statutory losses per share were substantially higher than expected, at US$0.17 per share. This is an important time for investors, as they can track a company's performance in its report, look at what experts are forecasting for next year, and see if there has been any change to expectations for the business. We thought readers would find it interesting to see the analysts latest (statutory) post-earnings forecasts for next year.

Following the latest results, Brookdale Senior Living's three analysts are now forecasting revenues of US$3.13b in 2024. This would be an okay 7.2% improvement in revenue compared to the last 12 months. Losses are predicted to fall substantially, shrinking 41% to US$0.62. Yet prior to the latest earnings, the analysts had been forecasting revenues of US$3.14b and losses of US$0.58 per share in 2024. So it's pretty clear consensus is mixed on Brookdale Senior Living after the new consensus numbers; while the analysts held their revenue numbers steady, they also administered a moderate increase in per-share loss expectations.

As a result, there was no major change to the consensus price target of US$8.25, with the analysts implicitly confirming that the business looks to be performing in line with expectations, despite higher forecast losses. 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. There are some variant perceptions on Brookdale Senior Living, with the most bullish analyst valuing it at US$9.00 and the most bearish at US$7.75 per share. Still, with such a tight range of estimates, it suggeststhe analysts have a pretty good idea of what they think the company is worth.

Looking at the bigger picture now, one of the ways we can make sense of these forecasts is to see how they measure up against both past performance and industry growth estimates. One thing stands out from these estimates, which is that Brookdale Senior Living is forecast to grow faster in the future than it has in the past, with revenues expected to display 15% annualised growth until the end of 2024. If achieved, this would be a much better result than the 4.1% annual decline over the past five years. Compare this against analyst estimates for the broader industry, which suggest that (in aggregate) industry revenues are expected to grow 6.8% annually. So it looks like Brookdale Senior Living is expected to grow faster than its competitors, at least for a while.

The Bottom Line

The most important thing to note is the forecast of increased losses next year, suggesting all may not be well at Brookdale Senior Living. 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 held steady at US$8.25, with the latest estimates not enough to have an impact on their price targets.

With that said, the long-term trajectory of the company's earnings is a lot more important than next year. We have estimates - from multiple Brookdale Senior Living analysts - going out to 2026, and you can see them free on our platform here.

It is also worth noting that we have found 2 warning signs for Brookdale Senior Living that you need to take into consideration.

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