Frontier Group Holdings, Inc. (NASDAQ:ULCC) shareholders are probably feeling a little disappointed, since its shares fell 6.0% to US$7.26 in the week after its latest yearly results. It looks like the results were pretty good overall. While revenues of US$3.6b were in line with analyst predictions, statutory losses were much smaller than expected, with Frontier Group Holdings losing US$0.05 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. With this in mind, we've gathered the latest statutory forecasts to see what the analysts are expecting for next year.

View our latest analysis for Frontier Group Holdings

Taking into account the latest results, the current consensus from Frontier Group Holdings' ten analysts is for revenues of US$4.07b in 2024. This would reflect a meaningful 13% increase on its revenue over the past 12 months. Earnings are expected to improve, with Frontier Group Holdings forecast to report a statutory profit of US$0.51 per share. In the lead-up to this report, the analysts had been modelling revenues of US$4.06b and earnings per share (EPS) of US$0.51 in 2024. So it's pretty clear that, although the analysts have updated their estimates, there's been no major change in expectations for the business following the latest results.

There were no changes to revenue or earnings estimates or the price target of US$7.90, suggesting that the company has met expectations in its recent result. 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. The most optimistic Frontier Group Holdings analyst has a price target of US$12.00 per share, while the most pessimistic values it at US$7.00. This is a fairly broad spread of estimates, suggesting that analysts are forecasting a wide range of possible outcomes for the business.

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. We would highlight that Frontier Group Holdings' revenue growth is expected to slow, with the forecast 13% annualised growth rate until the end of 2024 being well below the historical 19% p.a. growth over the last five years. By way of comparison, the other companies in this industry with analyst coverage are forecast to grow their revenue at 7.7% annually. So it's pretty clear that, while Frontier Group Holdings' revenue growth is expected to slow, it's still expected to grow faster than the industry itself.