Analysts Just Slashed Their Viant Technology Inc. (NASDAQ:DSP) EPS Numbers – Yahoo Finance

Market forces rained on the parade of Viant Technology Inc. (NASDAQ:DSP) shareholders today, when the analysts downgraded their forecasts for next year. Revenue and earnings per share (EPS) forecasts were both revised downwards, with the analysts seeing grey clouds on the horizon.
Following the downgrade, the consensus from five analysts covering Viant Technology is for revenues of US$217m in 2023, implying a discernible 3.9% decline in sales compared to the last 12 months. Losses are predicted to fall substantially, shrinking 24% to US$0.43. However, before this estimates update, the consensus had been expecting revenues of US$259m and US$0.24 per share in losses. So there’s been quite a change-up of views after the recent consensus updates, with the analysts making a serious cut to their revenue forecasts while also expecting losses per share to increase.
See our latest analysis for Viant Technology
The consensus price target fell 31% to US$6.42, with the analysts clearly concerned about the company following the weaker revenue and earnings outlook. It could also be instructive to look at the range of analyst estimates, to evaluate how different the outlier opinions are from the mean. Currently, the most bullish analyst values Viant Technology at US$8.00 per share, while the most bearish prices it at US$6.00. 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 Viant Technology shareholders.
Of course, another way to look at these forecasts is to place them into context against the industry itself. We would highlight that sales are expected to reverse, with a forecast 3.1% annualised revenue decline to the end of 2023. That is a notable change from historical growth of 16% over the last three years. Compare this with our data, which suggests that other companies in the same industry are, in aggregate, expected to see their revenue grow 13% per year. So although its revenues are forecast to shrink, this cloud does not come with a silver lining – Viant Technology is expected to lag the wider industry.
The most important thing to note from this downgrade is that the consensus increased its forecast losses next year, suggesting all may not be well at Viant Technology. Regrettably, they also downgraded their revenue estimates, and the latest forecasts imply the business will grow sales slower than the wider market. With a serious cut to next year’s expectations and a falling price target, we wouldn’t be surprised if investors were becoming wary of Viant Technology.
Even so, the longer term trajectory of the business is much more important for the value creation of shareholders. At Simply Wall St, we have a full range of analyst estimates for Viant Technology going out to 2024, 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 that insiders are buying.
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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.
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