New Forecasts: Here's What Analysts Think The Future Holds For Fertiglobe plc (ADX:FERTIGLB)

Shareholders in Fertiglobe plc (ADX:FERTIGLB) may be thrilled to learn that the analysts have just delivered a major upgrade to their near-term forecasts. The consensus estimated revenue numbers rose, with their view now clearly much more bullish on the company's business prospects.

Following the upgrade, the latest consensus from Fertiglobe's eight analysts is for revenues of US$4.8b in 2022, which would reflect a substantial 22% improvement in sales compared to the last 12 months. Before the latest update, the analysts were foreseeing US$4.4b of revenue in 2022. The consensus has definitely become more optimistic, showing a nice gain to revenue forecasts.

See our latest analysis for Fertiglobe

Another way we can view these estimates is in the context of the bigger picture, such as how the forecasts stack up against past performance, and whether forecasts are more or less bullish relative to other companies in the industry. We would highlight that Fertiglobe's revenue growth is expected to slow, with the forecast 30% annualised growth rate until the end of 2022 being well below the historical 129% growth over the last year. By way of comparison, the other companies in this industry with analyst coverage are forecast to grow their revenue at 10% annually. So it's pretty clear that, while Fertiglobe's revenue growth is expected to slow, it's still expected to grow faster than the industry itself.

The Bottom Line

The most important thing to take away from this upgrade is that analysts lifted their revenue estimates for this year. Analysts also expect revenues to grow faster than the wider market. Seeing the dramatic upgrade to this year's forecasts, it might be time to take another look at Fertiglobe.

Thirsting for more data? At least one of Fertiglobe's eight analysts has provided estimates out to 2024, which can be seen for free on our platform here.

Another way to search for interesting companies that could be reaching an inflection point is to track whether management are buying or selling, with our free list of growing companies that insiders are buying.

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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.