WillScot Holdings Corporation (NASDAQ:WSC) just released its latest third-quarter results and things are looking bullish. The company beat expectations with revenues of US$601m arriving 2.5% ahead of forecasts. Statutory earnings per share (EPS) were US$0.28, 2.3% ahead of estimates. The analysts typically update their forecasts at each earnings report, and we can judge from their estimates whether their view of the company has changed or if there are any new concerns to be aware of. With this in mind, we've gathered the latest statutory forecasts to see what the analysts are expecting for next year.
Following last week's earnings report, WillScot Holdings' nine analysts are forecasting 2027 revenues to be US$2.37b, approximately in line with the last 12 months. Earnings are expected to improve, with WillScot Holdings forecast to report a statutory profit of US$1.23 per share. Yet prior to the latest earnings, the analysts had been anticipated revenues of US$2.36b and earnings per share (EPS) of US$1.23 in 2027. The consensus analysts don't seem to have seen anything in these results that would have changed their view on the business, given there's been no major change to their estimates.
View our latest analysis for WillScot Holdings
It will come as no surprise then, to learn that the consensus price target is largely unchanged at US$25.00. It could also be instructive to look at the range of analyst estimates, to evaluate how different the outlier opinions are from the mean. There are some variant perceptions on WillScot Holdings, with the most bullish analyst valuing it at US$32.00 and the most bearish at US$18.00 per share. These price targets show that analysts do have some differing views on the business, but the estimates do not vary enough to suggest to us that some are betting on wild success or utter failure.
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. It's pretty clear that there is an expectation that WillScot Holdings' revenue growth will slow down substantially, with revenues to the end of 2027 expected to display 1.5% growth on an annualised basis. This is compared to a historical growth rate of 5.6% over the past five years. Compare this against other companies (with analyst forecasts) in the industry, which are in aggregate expected to see revenue growth of 13% annually. So it's pretty clear that, while revenue growth is expected to slow down, the wider industry is also expected to grow faster than WillScot Holdings.
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. Fortunately, the analysts also reconfirmed their revenue estimates, suggesting that it's tracking in line with expectations. Although our data does suggest that WillScot Holdings' revenue is expected to perform worse than the wider industry. The consensus price target held steady at US$25.00, with the latest estimates not enough to have an impact on their price targets.
With that said, the long-term trajectory of the company's earnings is a lot more important than next year. We have forecasts for WillScot Holdings going out to 2028, and you can see them free on our platform here.
Plus, you should also learn about the 2 warning signs we've spotted with WillScot Holdings (including 1 which makes us a bit uncomfortable) .
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.