Last week, you might have seen that Mistras Group, Inc. (NYSE:MG) released its quarterly result to the market. The early response was not positive, with shares down 5.6% to US$17.64 in the past week. Results overall were respectable, with statutory earnings of US$0.07 per share roughly in line with what the analysts had forecast. Revenues of US$169m came in 3.1% ahead of analyst predictions. 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. We thought readers would find it interesting to see the analysts latest (statutory) post-earnings forecasts for next year.

Following the latest results, Mistras Group's dual analysts are now forecasting revenues of US$747.8m in 2026. This would be a satisfactory 2.2% improvement in revenue compared to the last 12 months. Per-share earnings are expected to soar 47% to US$1.04. Yet prior to the latest earnings, the analysts had been anticipated revenues of US$742.2m and earnings per share (EPS) of US$1.00 in 2026. So the consensus seems to have become somewhat more optimistic on Mistras Group's earnings potential following these results.

There's been no major changes to the consensus price target of US$21.00, suggesting that the improved earnings per share outlook is not enough to have a long-term positive impact on the stock's valuation.

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. The period to the end of 2026 brings more of the same, according to the analysts, with revenue forecast to display 3.0% growth on an annualised basis. That is in line with its 2.6% annual growth 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 revenues grow 6.7% per year. So it's pretty clear that Mistras Group is expected to grow slower than similar companies in the same industry.

The Bottom Line

The biggest takeaway for us is the consensus earnings per share upgrade, which suggests a clear improvement in sentiment around Mistras Group's earnings potential next year. On the plus side, there were no major changes to revenue estimates; although forecasts imply they will perform worse 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.

Following on from that line of thought, we think that the long-term prospects of the business are much more relevant than next year's earnings. At least one analyst has provided forecasts out to 2028, which can be seen for free on our platform here.

You still need to take note of risks, for example - Mistras Group has 2 warning signs (and 1 which shouldn't be ignored) we think you should know about.

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.