Superior Group of Companies, Inc. (NASDAQ:SGC) just released its latest second-quarter report and things are not looking great. It wasn't a great result overall - while revenue fell marginally short of analyst estimates at US$132m, statutory earnings missed forecasts by an incredible 63%, coming in at just US$0.04 per share. 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. So we gathered the latest post-earnings forecasts to see what estimates suggest is in store for next year.

Check out our latest analysis for Superior Group of Companies

After the latest results, the three analysts covering Superior Group of Companies are now predicting revenues of US$566.2m in 2024. If met, this would reflect an okay 2.2% improvement in revenue compared to the last 12 months. Statutory earnings per share are predicted to swell 14% to US$0.76. In the lead-up to this report, the analysts had been modelling revenues of US$567.9m and earnings per share (EPS) of US$0.77 in 2024. 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.

With the analysts reconfirming their revenue and earnings forecasts, it's surprising to see that the price target rose 20% to US$23.33. It looks as though they previously had some doubts over whether the business would live up to their expectations. That's not the only conclusion we can draw from this data however, as some investors also like to consider the spread in estimates when evaluating analyst price targets. The most optimistic Superior Group of Companies analyst has a price target of US$24.00 per share, while the most pessimistic values it at US$22.00. The narrow spread of estimates could suggest that the business' future is relatively easy to value, or thatthe analysts have a strong view on its prospects.

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 Superior Group of Companies' revenue growth will slow down substantially, with revenues to the end of 2024 expected to display 4.5% growth on an annualised basis. This is compared to a historical growth rate of 7.3% over the past five years. By way of comparison, the other companies in this industry with analyst coverage are forecast to grow their revenue at 5.7% per year. Factoring in the forecast slowdown in growth, it seems obvious that Superior Group of Companies is also expected to grow slower than other industry participants.