Keysight Technologies, Inc. (NYSE:KEYS) just released its latest third-quarter results and things are looking bullish. It was overall a positive result, with revenues beating expectations by 5.6% to hit US$1.8b. Keysight Technologies also reported a statutory profit of US$2.30, which was an impressive 31% above what the analysts had forecast. 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 Keysight Technologies after the latest results.

After the latest results, the eleven analysts covering Keysight Technologies are now predicting revenues of US$8.13b in 2027. If met, this would reflect a huge 24% improvement in revenue compared to the last 12 months. Per-share earnings are expected to bounce 40% to US$10.45. In the lead-up to this report, the analysts had been modelling revenues of US$7.69b and earnings per share (EPS) of US$8.72 in 2027. So it seems there's been a definite increase in optimism about Keysight Technologies' future following the latest results, with a nice gain to the earnings per share forecasts in particular.

It will come as no surprise to learn that the analysts have increased their price target for Keysight Technologies 6.9% to US$415on the back of these upgrades. It could also be instructive to look at the range of analyst estimates, to evaluate how different the outlier opinions are from the mean. The most optimistic Keysight Technologies analyst has a price target of US$452 per share, while the most pessimistic values it at US$350. 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.

These estimates are interesting, but it can be useful to paint some more broad strokes when seeing how forecasts compare, both to the Keysight Technologies' past performance and to peers in the same industry. The analysts are definitely expecting Keysight Technologies' growth to accelerate, with the forecast 18% annualised growth to the end of 2027 ranking favourably alongside historical growth of 2.6% per annum over the past five years. Other similar companies in the industry (with analyst coverage) are also forecast to grow their revenue at 15% per year. Factoring in the forecast acceleration in revenue, it's pretty clear that Keysight Technologies is expected to grow at about the same rate as the wider industry.

The Bottom Line

The most important thing here is that the analysts upgraded their earnings per share estimates, suggesting that there has been a clear increase in optimism towards Keysight Technologies following these results. 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. There was also a nice increase in the price target, with the analysts clearly feeling that the intrinsic value of the business is improving.

With that in mind, we wouldn't be too quick to come to a conclusion on Keysight Technologies. Long-term earnings power is much more important than next year's profits. At Simply Wall St, we have a full range of analyst estimates for Keysight Technologies going out to 2028, and you can see them free on our platform here..

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.