It's been a mediocre week for Bumble Inc. (NASDAQ:BMBL) shareholders, with the stock dropping 13% to US$11.45 in the week since its latest annual results. Things were not great overall, with a surprise (statutory) loss of US$0.03 per share on revenues of US$1.1b, even though the analysts had been expecting a profit. 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. We've gathered the most recent statutory forecasts to see whether the analysts have changed their earnings models, following these results.

See our latest analysis for Bumble

Taking into account the latest results, the most recent consensus for Bumble from 22 analysts is for revenues of US$1.15b in 2024. If met, it would imply a solid 9.4% increase on its revenue over the past 12 months. Earnings are expected to improve, with Bumble forecast to report a statutory profit of US$0.61 per share. Before this earnings report, the analysts had been forecasting revenues of US$1.19b and earnings per share (EPS) of US$0.49 in 2024. While revenue forecasts have been revised downwards, the analysts look to have become more optimistic on the company's cost base, given the massive increase in to the earnings per share numbers.

The analysts have cut their price target 8.9% to US$16.03per share, suggesting that the declining revenue was a more crucial indicator than the expected improvement in earnings. That's not the only conclusion we can draw from this data however, as some investors also like to consider the spread in estimates when evaluating analyst price targets. The most optimistic Bumble analyst has a price target of US$22.00 per share, while the most pessimistic values it at US$13.00. 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.

Of course, another way to look at these forecasts is to place them into context against the industry itself. We would highlight that Bumble's revenue growth is expected to slow, with the forecast 9.4% annualised growth rate until the end of 2024 being well below the historical 19% p.a. growth over the last five years. Juxtapose this against the other companies in the industry with analyst coverage, which are forecast to grow their revenues (in aggregate) 10.0% annually. So it's pretty clear that, while Bumble's revenue growth is expected to slow, it's expected to grow roughly in line with the industry.