ReWalk Robotics Ltd. (NASDAQ:RWLK) shares fell 2.1% to US$0.82 in the week since its latest full-year results. It wasn't the greatest result, with ongoing losses and revenues of US$4.9m falling short of analyst predictions. The losses were a relative bright spot though, with a per-share statutory loss of US$2.70 being moderately smaller than analysts forecast. This is an important time for investors, as they can track a company's performance in its report, look at what top analysts 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 analysts' statutory forecasts suggest is in store for next year.

View our latest analysis for ReWalk Robotics

Taking into account the latest results, the current consensus from ReWalk Robotics's only analyst is for revenues of US$9.07m in 2020, which would reflect a major 86% increase on its sales over the past 12 months. Statutory losses are forecast to balloon 61% to US$1.04 per share. Yet prior to the latest earnings, analysts had been forecasting revenues of US$15.5m and losses of US$1.08 per share in 2020. There's been a definite change in sentiment after these results, with analysts administering a to next year's revenue estimates, while at the same time substantially upgrading EPS. It's almost as though the business is forecast to reduce its focus on growth to enhance profitability.

Analysts have cut their price target 61% to US$3.50 per share, suggesting that the declining revenue was a more crucial indicator than the forecast reduction in losses.

In addition, we can look to ReWalk Robotics's past performance and see whether business is expected to improve, and if the company is expected to perform better than wider market. Analysts are definitely expecting ReWalk Robotics's growth to accelerate, with the forecast 86% growth ranking favourably alongside historical growth of 7.9% per annum over the past five years. Compare this with other companies in the same market, which are forecast to grow their revenue 7.9% next year. Factoring in the forecast acceleration in revenue, it's pretty clear that ReWalk Robotics is expected to grow much faster than its market.

The Bottom Line

The most important thing to note from these estimates is that the consensus increased its forecast losses next year, suggesting all may not be well at ReWalk Robotics. Regrettably, they also downgraded their revenue estimates, but the latest forecasts still imply the business will grow faster than the wider market. Yet - earnings are more important to the intrinsic value of the business. Analysts also downgraded their price target, suggesting that the latest news has led analysts to become more pessimistic about the intrinsic value of the business.

Still, the long-term prospects of the business are much more relevant than next year's earnings. At least one analyst has provided forecasts out to 2024, which can be seen for free on our platform here.

Another thing to consider is whether management and directors have been buying or selling stock recently. We provide an overview of all open market stock trades for the last twelve months on our platform, here.

If you spot an error that warrants correction, please contact the editor at editorial-team@simplywallst.com. This article by Simply Wall St is general in nature. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Simply Wall St has no position in the stocks mentioned.

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