BayCom Corp (NASDAQ:BCML) Annual Results Just Came Out: Here's What Analysts Are Forecasting For This Year
Last week saw the newest annual earnings release from BayCom Corp (NASDAQ:BCML), an important milestone in the company's journey to build a stronger business. It was a credible result overall, with revenues of US$96m and statutory earnings per share of US$2.18 both in line with analyst estimates, showing that BayCom is executing in line with expectations. 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 BayCom after the latest results.
Taking into account the latest results, the most recent consensus for BayCom from three analysts is for revenues of US$105.4m in 2026. If met, it would imply a solid 9.3% increase on its revenue over the past 12 months. Statutory earnings per share are predicted to step up 17% to US$2.58. In the lead-up to this report, the analysts had been modelling revenues of US$103.1m and earnings per share (EPS) of US$2.57 in 2026. There doesn't appear to have been a major change in sentiment following the results, other than the small lift in revenue estimates.
Check out our latest analysis for BayCom
Even though revenue forecasts increased, there was no change to the consensus price target of US$31.67, suggesting the analysts are focused on earnings as the driver of value creation. There's another way to think about price targets though, and that's to look at the range of price targets put forward by analysts, because a wide range of estimates could suggest a diverse view on possible outcomes for the business. The most optimistic BayCom analyst has a price target of US$32.00 per share, while the most pessimistic values it at US$31.00. This is a very narrow spread of estimates, implying either that BayCom is an easy company to value, or - more likely - the analysts are relying heavily on some key assumptions.
Taking a look at the bigger picture now, one of the ways we can understand these forecasts is to see how they compare to both past performance and industry growth estimates. It's clear from the latest estimates that BayCom's rate of growth is expected to accelerate meaningfully, with the forecast 9.3% annualised revenue growth to the end of 2026 noticeably faster than its historical growth of 4.6% p.a. over the past five years. Other similar companies in the industry (with analyst coverage) are also forecast to grow their revenue at 9.0% per year. BayCom is expected to grow at about the same rate as its industry, so it's not clear that we can draw any conclusions from its growth relative to competitors.
The Bottom Line
The most obvious conclusion is that there's been no major change in the business' prospects in recent times, with the analysts holding their earnings forecasts steady, in line with previous estimates. There was also an upgrade to revenue estimates, although as we saw earlier, forecast growth is only expected to be about the same as the wider industry. The consensus price target held steady at US$31.67, with the latest estimates not enough to have an impact on their price targets.
With that in mind, we wouldn't be too quick to come to a conclusion on BayCom. Long-term earnings power is much more important than next year's profits. We have estimates - from multiple BayCom analysts - going out to 2027, and you can see them free on our platform here.
Another thing to consider is whether management and directors have been buying or selling stock recently. We provide an overview of all open market stock trades for the last twelve months 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.