Broadstone Net Lease, Inc. (NYSE:BNL) came out with its quarterly results last week, and we wanted to see how the business is performing and what industry forecasters think of the company following this report. Broadstone Net Lease reported US$108m in revenue, roughly in line with analyst forecasts, although statutory earnings per share (EPS) of US$0.19 beat expectations, being 5.7% higher than what the analysts 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. Readers will be glad to know we've aggregated the latest statutory forecasts to see whether the analysts have changed their mind on Broadstone Net Lease after the latest results.

Taking into account the latest results, the consensus forecast from Broadstone Net Lease's nine analysts is for revenues of US$445.3m in 2025. This reflects a reasonable 4.8% improvement in revenue compared to the last 12 months. Statutory earnings per share are predicted to rise 3.5% to US$0.78. Yet prior to the latest earnings, the analysts had been anticipated revenues of US$445.9m and earnings per share (EPS) of US$0.76 in 2025. So the consensus seems to have become somewhat more optimistic on Broadstone Net Lease's earnings potential following these results.

There's been no major changes to the consensus price target of US$19.43, suggesting that the improved earnings per share outlook is not enough to have a long-term positive impact on the stock's valuation. Fixating on a single price target can be unwise though, since the consensus target is effectively the average of analyst price targets. As a result, some investors like to look at the range of estimates to see if there are any diverging opinions on the company's valuation. There are some variant perceptions on Broadstone Net Lease, with the most bullish analyst valuing it at US$22.00 and the most bearish at US$16.00 per share. As you can see, analysts are not all in agreement on the stock's future, but the range of estimates is still reasonably narrow, which could suggest that the outcome is not totally unpredictable.

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. It's pretty clear that there is an expectation that Broadstone Net Lease's revenue growth will slow down substantially, with revenues to the end of 2025 expected to display 3.9% growth on an annualised basis. This is compared to a historical growth rate of 9.0% over the past five years. Compare this to the 24 other companies in this industry with analyst coverage, which are forecast to grow their revenue at 4.1% per year. Factoring in the forecast slowdown in growth, it looks like Broadstone Net Lease is forecast to grow at about the same rate as the wider industry.

The Bottom Line

The biggest takeaway for us is the consensus earnings per share upgrade, which suggests a clear improvement in sentiment around Broadstone Net Lease's earnings potential next year. They also reconfirmed their revenue estimates, with the company predicted to grow at about the same rate as the wider industry. There was no real change to the consensus price target, suggesting that the intrinsic value of the business has not undergone any major changes with the latest estimates.

Following on from that line of thought, we think that the long-term prospects of the business are much more relevant than next year's earnings. At Simply Wall St, we have a full range of analyst estimates for Broadstone Net Lease going out to 2026, and you can see them free on our platform here..

However, before you get too enthused, we've discovered 3 warning signs for Broadstone Net Lease (2 are concerning!) that you should be aware of.

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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.