The latest analyst coverage could presage a bad day for Beyond, Inc. (NYSE:BYON), with the analysts making across-the-board cuts to their statutory estimates that might leave shareholders a little shell-shocked. Both revenue and earnings per share (EPS) estimates were cut sharply as the analysts factored in the latest outlook for the business, concluding that they were too optimistic previously.

Following the latest downgrade, the eight analysts covering Beyond provided consensus estimates of US$1.3b revenue in 2025, which would reflect a not inconsiderable 9.2% decline on its sales over the past 12 months. The loss per share is anticipated to greatly reduce in the near future, narrowing 62% to US$1.84. Yet prior to the latest estimates, the analysts had been forecasting revenues of US$1.4b and losses of US$1.66 per share in 2025. So there's been quite a change-up of views after the recent consensus updates, with the analysts making a serious cut to their revenue forecasts while also expecting losses per share to increase.

View our latest analysis for Beyond NYSE:BYON Earnings and Revenue Growth February 28th 2025

The consensus price target fell 15% to US$10.38, with the analysts clearly concerned about the company following the weaker revenue and earnings outlook.

Another way we can view these estimates is in the context of the bigger picture, such as how the forecasts stack up against past performance, and whether forecasts are more or less bullish relative to other companies in the industry. One more thing stood out to us about these estimates, and it's the idea that Beyond's decline is expected to accelerate, with revenues forecast to fall at an annualised rate of 9.2% to the end of 2025. This tops off a historical decline of 7.3% a year over the past five years. By contrast, our data suggests that other companies (with analyst coverage) in a similar industry are forecast to see their revenue grow 5.1% per year. So it's pretty clear that, while it does have declining revenues, the analysts also expect Beyond to suffer worse 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 Beyond. Unfortunately analysts also downgraded their revenue estimates, and industry data suggests that Beyond's revenues are expected to grow slower than the wider market. With a serious cut to this year's expectations and a falling price target, we wouldn't be surprised if investors were becoming wary of Beyond.

Even so, the longer term trajectory of the business is much more important for the value creation of shareholders. We have estimates - from multiple Beyond analysts - going out to 2027, and you can see them free on our platform here.

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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.

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