It's been a good week for BOK Financial Corporation (NASDAQ:BOKF) shareholders, because the company has just released its latest full-year results, and the shares gained 3.5% to US$85.49. Revenues of US$2.0b were in line with forecasts, although statutory earnings per share (EPS) came in below expectations at US$8.02, missing estimates by 3.8%. Following the result, the analysts have 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. So we gathered the latest post-earnings forecasts to see what estimates suggest is in store for next year.

See our latest analysis for BOK Financial

Following last week's earnings report, BOK Financial's ten analysts are forecasting 2024 revenues to be US$2.02b, approximately in line with the last 12 months. Statutory earnings per share are expected to decrease 9.6% to US$7.31 in the same period. Before this earnings report, the analysts had been forecasting revenues of US$2.00b and earnings per share (EPS) of US$7.12 in 2024. The analysts seems to have become more bullish on the business, judging by their new earnings per share estimates.

There's been no major changes to the consensus price target of US$88.89, suggesting that the improved earnings per share outlook is not enough to have a long-term positive impact on the stock's valuation. 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 BOK Financial at US$98.00 per share, while the most bearish prices it at US$74.00. This is a very narrow spread of estimates, implying either that BOK Financial is an easy company to value, or - more likely - the analysts are relying heavily on some key assumptions.

Of course, another way to look at these forecasts is to place them into context against the industry itself. It's pretty clear that there is an expectation that BOK Financial's revenue growth will slow down substantially, with revenues to the end of 2024 expected to display 0.2% growth on an annualised basis. This is compared to a historical growth rate of 4.3% over the past five years. By way of comparison, the other companies in this industry with analyst coverage are forecast to grow their revenue at 5.6% per year. Factoring in the forecast slowdown in growth, it seems obvious that BOK Financial is also expected to grow slower than other industry participants.