Analysts Just Shaved Their MindWalk Holdings Corp. (NASDAQ:HYFT) Forecasts Dramatically
One thing we could say about the analysts on MindWalk Holdings Corp. (NASDAQ:HYFT) - they aren't optimistic, having just made a major negative revision to their near-term (statutory) forecasts for the organization. Revenue and earnings per share (EPS) forecasts were both revised downwards, with the analysts seeing grey clouds on the horizon.
Following the downgrade, the most recent consensus for MindWalk Holdings from its twin analysts is for revenues of CA$18m in 2027 which, if met, would be a solid 8.8% increase on its sales over the past 12 months. Per-share losses are expected to see a sharp uptick, reaching CA$0.41. However, before this estimates update, the consensus had been expecting revenues of CA$20m and CA$0.31 per share in losses. Ergo, there's been a clear change in sentiment, with the analysts administering a notable cut to this year's revenue estimates, while at the same time increasing their loss per share forecasts.
See our latest analysis for MindWalk Holdings
Of course, another way to look at these forecasts is to place them into context against the industry itself. The analysts are definitely expecting MindWalk Holdings' growth to accelerate, with the forecast 12% annualised growth to the end of 2027 ranking favourably alongside historical growth of 0.4% per annum over the past five years. Compare this with other companies in the same industry, which are forecast to grow their revenue 7.0% annually. It seems obvious that, while the growth outlook is brighter than the recent past, the analysts also expect MindWalk Holdings to grow faster than the wider industry.
The Bottom Line
The most important thing to note from this downgrade is that the consensus increased its forecast losses this year, suggesting all may not be well at MindWalk Holdings. Unfortunately, analysts also downgraded their revenue estimates, although our data indicates revenues are expected to perform better than the wider market. We wouldn't be surprised to find shareholders feeling a bit shell-shocked, after these downgrades. It looks like analysts have become a lot more bearish on MindWalk Holdings, and their negativity could be grounds for caution.
That said, the analysts might have good reason to be negative on MindWalk Holdings, given a short cash runway. Learn more, and discover the 3 other flags we've identified, for free on our platform here.
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