Last week, you might have seen that Broadstone Net Lease, Inc. (NYSE:BNL) released its full-year result to the market. The early response was not positive, with shares down 5.4% to US$14.79 in the past week. Revenues were in line with forecasts, at US$443m, although statutory earnings per share came in 17% below what the analysts expected, at US$0.83 per share. 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. So we collected the latest post-earnings statutory consensus estimates to see what could be in store for next year.

View our latest analysis for Broadstone Net Lease

Following last week's earnings report, Broadstone Net Lease's five analysts are forecasting 2024 revenues to be US$434.5m, approximately in line with the last 12 months. Statutory earnings per share are forecast to fall 15% to US$0.70 in the same period. Before this earnings report, the analysts had been forecasting revenues of US$443.9m and earnings per share (EPS) of US$0.74 in 2024. The analysts are less bullish than they were before these results, given the reduced revenue forecasts and the small dip in earnings per share expectations.

The analysts made no major changes to their price target of US$19.17, suggesting the downgrades are not expected to have a long-term impact on Broadstone Net Lease's valuation. Fixating on a single price target can be unwise though, since the consensus target is effectively the average of analyst price targets. As a result, some investors like to look at the range of estimates to see if there are any diverging opinions on the company's valuation. There are some variant perceptions on Broadstone Net Lease, with the most bullish analyst valuing it at US$22.00 and the most bearish at US$18.00 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.

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 revenue is expected to slow, with a forecast annualised decline of 1.9% by the end of 2024. This indicates a significant reduction from annual growth of 12% over the last five years. Compare this with our data, which suggests that other companies in the same industry are, in aggregate, expected to see their revenue grow 3.8% per year. So although its revenues are forecast to shrink, this cloud does not come with a silver lining - Broadstone Net Lease is expected to lag the wider industry.