The analysts might have been a bit too bullish on Avino Silver & Gold Mines Ltd. (TSE:ASM), given that the company fell short of expectations when it released its third-quarter results last week. Results showed a clear earnings miss, with US$15m revenue coming in 6.9% lower than what the analystsexpected. Statutory earnings per share (EPS) of US$0.01 missed the mark badly, arriving some 60% below what was expected. 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. We thought readers would find it interesting to see the analysts latest (statutory) post-earnings forecasts for next year.

Check out our latest analysis for Avino Silver & Gold Mines

Following the latest results, Avino Silver & Gold Mines' four analysts are now forecasting revenues of US$78.1m in 2025. This would be a major 44% improvement in revenue compared to the last 12 months. Per-share earnings are expected to jump 268% to US$0.097. Yet prior to the latest earnings, the analysts had been anticipated revenues of US$75.2m and earnings per share (EPS) of US$0.094 in 2025. So there seems to have been a moderate uplift in sentiment following the latest results, given the upgrades to both revenue and earnings per share forecasts for next year.

With these upgrades, we're not surprised to see that the analysts have lifted their price target 12% to CA$2.75per share. The consensus price target is just an average of individual analyst targets, so - it could be handy to see how wide the range of underlying estimates is. There are some variant perceptions on Avino Silver & Gold Mines, with the most bullish analyst valuing it at CA$3.30 and the most bearish at CA$2.20 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.

These estimates are interesting, but it can be useful to paint some more broad strokes when seeing how forecasts compare, both to the Avino Silver & Gold Mines' past performance and to peers in the same industry. The analysts are definitely expecting Avino Silver & Gold Mines' growth to accelerate, with the forecast 34% annualised growth to the end of 2025 ranking favourably alongside historical growth of 21% per annum over the past five years. By contrast, our data suggests that other companies (with analyst coverage) in a similar industry are forecast to grow their revenue at 17% per year. Factoring in the forecast acceleration in revenue, it's pretty clear that Avino Silver & Gold Mines is expected to grow much faster than its industry.

The Bottom Line

The biggest takeaway for us is the consensus earnings per share upgrade, which suggests a clear improvement in sentiment around Avino Silver & Gold Mines' earnings potential next year. Happily, they also upgraded their revenue estimates, and are forecasting them to grow faster than 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 said, the long-term trajectory of the company's earnings is a lot more important than next year. We have estimates - from multiple Avino Silver & Gold Mines analysts - going out to 2026, and you can see them free on our platform here.

That said, it's still necessary to consider the ever-present spectre of investment risk. We've identified 1 warning sign with Avino Silver & Gold Mines , and understanding this should be part of your investment process.

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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.