Luxfer Holdings PLC (NYSE:LXFR) just released its latest first-quarter results and things are looking bullish. It was overall a positive result, with revenues beating expectations by 7.8% to hit US$89m. Luxfer Holdings also reported a statutory profit of US$0.10, which was an impressive 100% above what the analyst had forecast. This is an important time for investors, as they can track a company's performance in its report, look at what expert is forecasting for next year, and see if there has been any change to expectations for the business. We've gathered the most recent statutory forecasts to see whether the analyst has changed their earnings models, following these results.

Check out our latest analysis for Luxfer Holdings

Taking into account the latest results, the current consensus, from the single analyst covering Luxfer Holdings, is for revenues of US$375.9m in 2024. This implies a noticeable 4.4% reduction in Luxfer Holdings' revenue over the past 12 months. Luxfer Holdings is also expected to turn profitable, with statutory earnings of US$0.68 per share. Before this earnings report, the analyst had been forecasting revenues of US$369.4m and earnings per share (EPS) of US$0.64 in 2024. So the consensus seems to have become somewhat more optimistic on Luxfer Holdings' earnings potential following these results.

The consensus price target fell 44% to US$15.00, suggesting the increase in earnings forecasts was not enough to offset other the analyst concerns.

Looking at the bigger picture now, one of the ways we can make sense of these forecasts is to see how they measure up against both past performance and industry growth estimates. We would highlight that revenue is expected to reverse, with a forecast 5.8% annualised decline to the end of 2024. That is a notable change from historical growth of 0.8% over the last five years. Compare this with our data, which suggests that other companies in the same industry are, in aggregate, expected to see their revenue grow 3.6% per year. It's pretty clear that Luxfer Holdings' revenues are expected to perform substantially worse than the wider industry.

The Bottom Line

The most important thing here is that the analyst upgraded their earnings per share estimates, suggesting that there has been a clear increase in optimism towards Luxfer Holdings following these results. Fortunately, the analyst also reconfirmed their revenue estimates, suggesting that it's tracking in line with expectations. Although our data does suggest that Luxfer Holdings' revenue is expected to perform worse than the wider industry. Furthermore, the analyst also cut their price targets, suggesting that the latest news has led to greater pessimism about the intrinsic value of the business.

With that said, the long-term trajectory of the company's earnings is a lot more important than next year. We have analyst estimates for Luxfer Holdings going out as far as 2025, and you can see them free on our platform here.

Plus, you should also learn about the 1 warning sign we've spotted with Luxfer Holdings .

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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.