Shareholders might have noticed that Hyperfine, Inc. (NASDAQ:HYPR) filed its third-quarter result this time last week. The early response was not positive, with shares down 8.3% to US$0.89 in the past week. Revenues beat expectations, with US$3.6m in revenue being 11% above estimates. The company still lost US$0.14 per share, tracking roughly in line with expectations. 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've gathered the most recent statutory forecasts to see whether the analysts have changed their earnings models, following these results.
Taking into account the latest results, the consensus forecast from Hyperfine's three analysts is for revenues of US$18.9m in 2025. This reflects a huge 42% improvement in revenue compared to the last 12 months. Losses are forecast to narrow 3.5% to US$0.55 per share. Before this latest report, the consensus had been expecting revenues of US$19.1m and US$0.55 per share in losses.
The consensus price target was unchanged at US$1.23, suggesting that the business - losses and all - is executing in line with estimates. 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 Hyperfine analyst has a price target of US$1.50 per share, while the most pessimistic values it at US$1.00. Analysts definitely have varying views on the business, but the spread of estimates is not wide enough in our view to suggest that extreme outcomes could await Hyperfine shareholders.
Of course, another way to look at these forecasts is to place them into context against the industry itself. We would highlight that Hyperfine's revenue growth is expected to slow, with the forecast 33% annualised growth rate until the end of 2025 being well below the historical 58% 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 8.2% annually. So it's pretty clear that, while Hyperfine's revenue growth is expected to slow, it's still expected to grow faster than the industry itself.
The Bottom Line
The most obvious conclusion is that the analysts made no changes to their forecasts for a loss 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 held steady at US$1.23, with the latest estimates not enough to have an impact on their price targets.
With that in mind, we wouldn't be too quick to come to a conclusion on Hyperfine. Long-term earnings power is much more important than next year's profits. At Simply Wall St, we have a full range of analyst estimates for Hyperfine going out to 2026, and you can see them free on our platform here..
Before you take the next step you should know about the 2 warning signs for Hyperfine that we have uncovered.
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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.
