It's shaping up to be a tough period for Tidewater Renewables Ltd. (TSE:LCFS), which a week ago released some disappointing third-quarter results that could have a notable impact on how the market views the stock. Unfortunately, Tidewater Renewables delivered a serious earnings miss. Revenues of CA$62m were 11% below expectations, and statutory losses ballooned 350% to CA$0.03 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. We've gathered the most recent statutory forecasts to see whether the analysts have changed their earnings models, following these results.

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Following the latest results, Tidewater Renewables' twin analysts are now forecasting revenues of CA$433.0m in 2026. This would be a huge 61% improvement in revenue compared to the last 12 months. Per-share earnings are expected to shoot up 57% to CA$0.60. Before this earnings report, the analysts had been forecasting revenues of CA$408.0m and earnings per share (EPS) of CA$0.56 in 2026. It looks like there's been a modest increase in sentiment following the latest results, withthe analysts becoming a bit more optimistic in their predictions for both revenues and earnings.

View our latest analysis for Tidewater Renewables

It will come as no surprise to learn that the analysts have increased their price target for Tidewater Renewables 19% to CA$5.00on the back of these upgrades.

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. We can infer from the latest estimates that forecasts expect a continuation of Tidewater Renewables'historical trends, as the 46% annualised revenue growth to the end of 2026 is roughly in line with the 55% annual growth over the past three years. Compare this with the broader industry, which analyst estimates (in aggregate) suggest will see revenues grow 3.4% annually. So it's pretty clear that Tidewater Renewables is forecast to grow substantially faster than its industry.

The biggest takeaway for us is the consensus earnings per share upgrade, which suggests a clear improvement in sentiment around Tidewater Renewables' 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.

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 analyst estimates for Tidewater Renewables going out as far as 2027, and you can see them free on our platform here.

Even so, be aware that Tidewater Renewables is showing 1 warning sign in our investment analysis , you should know about...

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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.