As you might know, 1stdibs.Com, Inc. (NASDAQ:DIBS) just kicked off its latest quarterly results with some very strong numbers. 1stdibs.Com beat expectations with revenues of US$22m arriving 3.6% ahead of forecasts. The company also reported a statutory loss of US$0.08, 5.9% smaller than was expected. 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.

Check out our latest analysis for 1stdibs.Com

Following the latest results, 1stdibs.Com's three analysts are now forecasting revenues of US$88.8m in 2024. This would be a reasonable 5.0% improvement in revenue compared to the last 12 months. Losses are expected to be contained, narrowing 18% from last year to US$0.37. Before this latest report, the consensus had been expecting revenues of US$85.7m and US$0.39 per share in losses. It looks like there's been a modest increase in sentiment in the recent updates, with the analysts becoming a bit more optimistic in their predictions for both revenues and losses per share.

The consensus price target rose 33% to US$8.00, with the analysts encouraged by the higher revenue and lower forecast losses for next year.

These estimates are interesting, but it can be useful to paint some more broad strokes when seeing how forecasts compare, both to the 1stdibs.Com's past performance and to peers in the same industry. One thing stands out from these estimates, which is that 1stdibs.Com is forecast to grow faster in the future than it has in the past, with revenues expected to display 6.7% annualised growth until the end of 2024. If achieved, this would be a much better result than the 4.8% annual decline over the past three years. By contrast, our data suggests that other companies (with analyst coverage) in a similar industry are forecast to see their revenue grow 10% per year. Although 1stdibs.Com's revenues are expected to improve, it seems that the analysts are still bearish on the business, forecasting it to grow slower than the broader industry.

The Bottom Line

The most important thing to take away is that the analysts reconfirmed their loss per share estimates for next year. Fortunately, they also upgraded their revenue estimates, although our data indicates it is expected to perform worse than the wider industry. We note an upgrade to the price target, suggesting that the analysts believes the intrinsic value of the business is likely to improve over time.

With that said, the long-term trajectory of the company's earnings is a lot more important than next year. At Simply Wall St, we have a full range of analyst estimates for 1stdibs.Com going out to 2025, and you can see them free on our platform here..

And what about risks? Every company has them, and we've spotted 1 warning sign for 1stdibs.Com you should know about.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.