It's been a pretty great week for Summit Midstream Corporation (NYSE:SMC) shareholders, with its shares surging 13% to US$34.81 in the week since its latest quarterly results. Revenues of US$155m missed analyst estimates by a little bit, but statutory earnings beat expectations by an impressive , coming in at US$0.11 per share. 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. So we collected the latest post-earnings statutory consensus estimates to see what could be in store for next year.

Taking into account the latest results, the current consensus from Summit Midstream's two analysts is for revenues of US$611.1m in 2026. This would reflect a modest 4.6% increase on its revenue over the past 12 months. Losses are predicted to fall substantially, shrinking 87% to US$0.17. Before this earnings announcement, the analysts had been modelling revenues of US$633.0m and losses of US$1.27 per share in 2026. While the revenue estimates fell, sentiment seems to have improved, with the analysts making a very promising decrease in losses per share in particular.

There was a decent 6.8% increase in the price target to US$47.00, with the analysts clearly signalling that the expected reduction in losses is a positive, despite a weaker revenue outlook.

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 9.4% growth on an annualised basis. That is in line with its 8.2% 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 1.6% per year. So it's pretty clear that Summit Midstream is forecast to grow substantially faster than its industry.

The Bottom Line

The most important thing to take away is that the analysts reconfirmed their loss per share estimates for next year. They also downgraded Summit Midstream's revenue estimates, but industry data suggests that it is expected to grow faster than the wider industry. Even so, earnings are more important to the intrinsic value of the business. We note an upgrade to the price target, suggesting that the analysts believes the intrinsic value of the business is likely to improve over time.

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 - Summit Midstream has 3 warning signs (and 1 which can'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.