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Analysts Have Made A Financial Statement On Atmus Filtration Technologies Inc.'s (NYSE:ATMU) Third-Quarter Report
It's been a pretty great week for Atmus Filtration Technologies Inc. (NYSE:ATMU) shareholders, with its shares surging 15% to US$54.98 in the week since its latest third-quarter results. The result was positive overall - although revenues of US$510m were in line with what the analysts predicted, Atmus Filtration Technologies surprised by delivering a statutory profit of US$0.74 per share, modestly greater than expected. 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. We've gathered the most recent statutory forecasts to see whether the analysts have changed their earnings models, following these results.
Taking into account the latest results, the current consensus from Atmus Filtration Technologies' five analysts is for revenues of US$2.13b in 2027. This would reflect a notable 8.4% increase on its revenue over the past 12 months. Statutory earnings per share are predicted to ascend 20% to US$3.25. Before this earnings report, the analysts had been forecasting revenues of US$2.11b and earnings per share (EPS) of US$3.25 in 2027. 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.
View our latest analysis for Atmus Filtration Technologies
There were no changes to revenue or earnings estimates or the price target of US$62.00, suggesting that the company has met expectations in its recent result. There's another way to think about price targets though, and that's to look at the range of price targets put forward by analysts, because a wide range of estimates could suggest a diverse view on possible outcomes for the business. There are some variant perceptions on Atmus Filtration Technologies, with the most bullish analyst valuing it at US$67.00 and the most bearish at US$56.00 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.
Of course, another way to look at these forecasts is to place them into context against the industry itself. It's clear from the latest estimates that Atmus Filtration Technologies' rate of growth is expected to accelerate meaningfully, with the forecast 6.7% annualised revenue growth to the end of 2027 noticeably faster than its historical growth of 5.3% p.a. over the past five years. Compare this with other companies in the same industry, which are forecast to grow their revenue 6.7% annually. Atmus Filtration Technologies is expected to grow at about the same rate as its industry, so it's not clear that we can draw any conclusions from its growth relative to competitors.
The Bottom Line
The most obvious conclusion is that there's been no major change in the business' prospects in recent times, with the analysts holding their earnings forecasts steady, in line with previous estimates. They also reconfirmed their revenue estimates, with the company predicted to grow at about the same rate as the wider industry. The consensus price target held steady at US$62.00, with the latest estimates not enough to have an impact on their price targets.
Keeping that in mind, we still think that the longer term trajectory of the business is much more important for investors to consider. At Simply Wall St, we have a full range of analyst estimates for Atmus Filtration Technologies going out to 2028, and you can see them free on our platform here..
We don't want to rain on the parade too much, but we did also find 1 warning sign for Atmus Filtration Technologies that you need to be mindful of.
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