Investors in SPX Technologies, Inc. (NYSE:SPXC) had a good week, as its shares rose 3.8% to close at US$146 following the release of its annual results. Revenues of US$2.0b were in line with forecasts, although statutory earnings per share (EPS) came in below expectations at US$4.29, missing estimates by 2.8%. 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. Readers will be glad to know we've aggregated the latest statutory forecasts to see whether the analysts have changed their mind on SPX Technologies after the latest results.

See our latest analysis for SPX Technologies

Taking into account the latest results, the most recent consensus for SPX Technologies from six analysts is for revenues of US$2.16b in 2025. If met, it would imply a decent 8.8% increase on its revenue over the past 12 months. Statutory earnings per share are predicted to soar 24% to US$5.41. In the lead-up to this report, the analysts had been modelling revenues of US$2.16b and earnings per share (EPS) of US$5.43 in 2025. 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.

There were no changes to revenue or earnings estimates or the price target of US$172, suggesting that the company has met expectations in its recent result. 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 SPX Technologies analyst has a price target of US$185 per share, while the most pessimistic values it at US$160. Still, with such a tight range of estimates, it suggeststhe analysts have a pretty good idea of what they think the company is worth.

These estimates are interesting, but it can be useful to paint some more broad strokes when seeing how forecasts compare, both to the SPX Technologies' past performance and to peers in the same industry. We would highlight that SPX Technologies' revenue growth is expected to slow, with the forecast 8.8% annualised growth rate until the end of 2025 being well below the historical 11% p.a. growth over the last five years. By way of comparison, the other companies in this industry with analyst coverage are forecast to grow their revenue at 3.5% annually. Even after the forecast slowdown in growth, it seems obvious that SPX Technologies is also expected to grow faster than the wider industry.

The Bottom Line

The most obvious conclusion is that there's been no major change in the business' prospects in recent times, with the analysts holding their earnings forecasts steady, in line with previous estimates. Happily, there were no major changes to revenue forecasts, with the business still expected to grow faster than the wider industry. The consensus price target held steady at US$172, with the latest estimates not enough to have an impact on their price targets.

Keeping that in mind, we still think that the longer term trajectory of the business is much more important for investors to consider. We have forecasts for SPX Technologies going out to 2026, and you can see them free on our platform here.

It might also be worth considering whether SPX Technologies' debt load is appropriate, using our debt analysis tools on the Simply Wall St platform, here.

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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.