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VOXX International Corporation (NASDAQ:VOXX) Just Released Its Full-Year Earnings: Here's What Analysts Think

Simply Wall St
·3 min read

There's been a major selloff in VOXX International Corporation (NASDAQ:VOXX) shares in the week since it released its yearly report, with the stock down 34% to US$8.26. The results don't look great, especially considering that statutory losses grew 234% toUS$1.17 per share. Revenues of US$534m did beat expectations by 2.5%, but it looks like a bit of a cold comfort. Following the result, the analyst has updated their earnings model, and it would be good to know whether they think there's been a strong change in the company's prospects, or if it's business as usual. We thought readers would find it interesting to see the analyst latest (statutory) post-earnings forecasts for next year.

Check out our latest analysis for VOXX International

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earnings-and-revenue-growth

Following last week's earnings report, VOXX International's sole analyst are forecasting 2024 revenues to be US$524.1m, approximately in line with the last 12 months. Losses are predicted to fall substantially, shrinking 75% to US$0.30. Before this latest report, the consensus had been expecting revenues of US$521.2m and US$0.18 per share in losses. While this year's revenue estimates held steady, there was also a regrettable increase in loss per share expectations, suggesting the consensus has a bit of a mixed view on the stock.

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As a result, there was no major change to the consensus price target of US$10.50, with the analyst implicitly confirming that the business looks to be performing in line with expectations, despite higher forecast losses.

Taking a look at the bigger picture now, one of the ways we can understand these forecasts is to see how they compare to both past performance and industry growth estimates. These estimates imply that sales are expected to slow, with a forecast annualised revenue decline of 1.9% by the end of 2024. This indicates a significant reduction from annual growth of 7.3% over the last five years. By contrast, our data suggests that other companies (with analyst coverage) in the same industry are forecast to see their revenue grow 2.4% annually for the foreseeable future. So although its revenues are forecast to shrink, this cloud does not come with a silver lining - VOXX International is expected to lag the wider industry.

The Bottom Line

The most important thing to take away is that the analyst increased their loss per share estimates for next year. On the plus side, there were no major changes to revenue estimates; although forecasts imply revenues will perform worse than the wider industry. There was no real change to the consensus price target, suggesting that the intrinsic value of the business has not undergone any major changes with the latest estimates.

Keeping that in mind, we still think that the longer term trajectory of the business is much more important for investors to consider. We have analyst estimates for VOXX International going out as far as 2026, and you can see them free on our platform here.

And what about risks? Every company has them, and we've spotted 1 warning sign for VOXX International you should know about.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.

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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