Last week, you might have seen that Nauticus Robotics, Inc. (NASDAQ:KITT) released its full-year result to the market. The early response was not positive, with shares down 4.0% to US$2.98 in the past week. The results don't look great, especially considering that statutory losses grew 298% toUS$1.75 per share. Revenues of US$11m did beat expectations by 6.5%, but it looks like a bit of a cold comfort. Following the result, the analysts have updated their earnings model, and it would be good to know whether they think there's been a strong change in the company's prospects, or if it's business as usual. With this in mind, we've gathered the latest statutory forecasts to see what the analysts are expecting for next year.

View our latest analysis for Nauticus Robotics

Taking into account the latest results, the consensus forecast from Nauticus Robotics' three analysts is for revenues of US$20.8m in 2023, which would reflect a major 81% improvement in sales compared to the last 12 months. Losses are expected to be contained, narrowing 12% from last year to US$0.62. Before this latest report, the consensus had been expecting revenues of US$47.4m and US$0.12 per share in losses. There's been a definite change in sentiment in this update, with the analysts administering a notable cut to next year's revenue estimates, while at the same time increasing their loss per share forecasts.

There was no major change to the consensus price target of US$8.75, signalling that the business is performing roughly in line with expectations, despite lower earnings per share forecasts. The consensus price target is just an average of individual analyst targets, so - it could be handy to see how wide the range of underlying estimates is. Currently, the most bullish analyst values Nauticus Robotics at US$11.00 per share, while the most bearish prices it at US$5.25. This is a fairly broad spread of estimates, suggesting that analysts are forecasting a wide range of possible outcomes for the business.

These estimates are interesting, but it can be useful to paint some more broad strokes when seeing how forecasts compare, both to the Nauticus Robotics' past performance and to peers in the same industry. The analysts are definitely expecting Nauticus Robotics' growth to accelerate, with the forecast 81% annualised growth to the end of 2023 ranking favourably alongside historical growth of 34% per annum over the past three years. Compare this with other companies in the same industry, which are forecast to grow their revenue 4.9% annually. Factoring in the forecast acceleration in revenue, it's pretty clear that Nauticus Robotics is expected to grow much faster than its industry.

The Bottom Line

The most important thing to note is the forecast of increased losses next year, suggesting all may not be well at Nauticus Robotics. They also downgraded their revenue estimates, although industry data suggests that Nauticus Robotics' revenues are expected to grow faster than 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.

Keeping that in mind, we still think that the longer term trajectory of the business is much more important for investors to consider. We have estimates - from multiple Nauticus Robotics analysts - going out to 2024, and you can see them free on our platform here.

Don't forget that there may still be risks. For instance, we've identified 1 warning sign for Nauticus Robotics that you should be aware of.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.

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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