As you might know, Kimball Electronics, Inc. (NASDAQ:KE) last week released its latest quarterly, and things did not turn out so great for shareholders. Kimball Electronics missed earnings this time around, with US$421m revenue coming in 3.2% below what the analysts had modelled. Statutory earnings per share (EPS) of US$0.33 also fell short of expectations by 18%. 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. With this in mind, we've gathered the latest statutory forecasts to see what the analysts are expecting for next year.

Check out our latest analysis for Kimball Electronics

Following the recent earnings report, the consensus from five analysts covering Kimball Electronics is for revenues of US$1.76b in 2024. This implies a discernible 4.2% decline in revenue compared to the last 12 months. Statutory earnings per share are forecast to dive 26% to US$1.62 in the same period. Yet prior to the latest earnings, the analysts had been anticipated revenues of US$1.83b and earnings per share (EPS) of US$1.98 in 2024. The analysts seem less optimistic after the recent results, reducing their revenue forecasts and making a real cut to earnings per share numbers.

It'll come as no surprise then, to learn that the analysts have cut their price target 14% to US$29.40. 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. Currently, the most bullish analyst values Kimball Electronics at US$34.00 per share, while the most bearish prices it at US$25.00. These price targets show that analysts do have some differing views on the business, but the estimates do not vary enough to suggest to us that some are betting on wild success or utter failure.

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 8.3% by the end of 2024. This indicates a significant reduction from annual growth of 9.9% 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 5.2% annually for the foreseeable future. It's pretty clear that Kimball Electronics' revenues are expected to perform substantially worse than the wider industry.