The yearly results for Viper Energy, Inc. (NASDAQ:VNOM) were released last week, making it a good time to revisit its performance. Revenues were US$791m, with Viper Energy reporting some 4.6% below analyst expectations. This is an important time for investors, as they can track a company's performance in its report, look at what experts are forecasting for next year, and see if there has been any change to expectations for the business. So we gathered the latest post-earnings forecasts to see what estimates suggest is in store for next year.

See our latest analysis for Viper Energy

Following last week's earnings report, Viper Energy's six analysts are forecasting 2024 revenues to be US$803.2m, approximately in line with the last 12 months. Statutory earnings per share are forecast to dive 33% to US$1.55 in the same period. Yet prior to the latest earnings, the analysts had been anticipated revenues of US$831.0m and earnings per share (EPS) of US$1.68 in 2024. The analysts are less bullish than they were before these results, given the reduced revenue forecasts and the minor downgrade to earnings per share expectations.

Despite the cuts to forecast earnings, there was no real change to the US$37.00 price target, showing that the analysts don't think the changes have a meaningful impact on its intrinsic value. That's not the only conclusion we can draw from this data however, as some investors also like to consider the spread in estimates when evaluating analyst price targets. The most optimistic Viper Energy analyst has a price target of US$40.00 per share, while the most pessimistic values it at US$33.00. Even so, with a relatively close grouping of estimates, it looks like the analysts are quite confident in their valuations, suggesting Viper Energy is an easy business to forecast or the the analysts are all using similar assumptions.

One way to get more context on these forecasts is to look at how they compare to both past performance, and how other companies in the same industry are performing. It's pretty clear that there is an expectation that Viper Energy's revenue growth will slow down substantially, with revenues to the end of 2024 expected to display 1.6% growth on an annualised basis. This is compared to a historical growth rate of 28% over the past five years. Juxtapose this against the other companies in the industry with analyst coverage, which are forecast to grow their revenues (in aggregate) 1.7% annually. So it's pretty clear that, while Viper Energy's revenue growth is expected to slow, it's expected to grow roughly in line with the industry.