Growth Investors: Industry Analysts Just Upgraded Their Vulcan Energy Resources Limited (ASX:VUL) Revenue Forecasts By 23%

Vulcan Energy Resources Limited (ASX:VUL) shareholders will have a reason to smile today, with the analysts making substantial upgrades to this year's forecasts. The revenue forecast for this year has experienced a facelift, with analysts now much more optimistic on its sales pipeline.

Following the latest upgrade, the current consensus, from the three analysts covering Vulcan Energy Resources, is for revenues of €8.1m in 2024, which would reflect a substantial 68% reduction in Vulcan Energy Resources' sales over the past 12 months. Before the latest update, the analysts were foreseeing €6.6m of revenue in 2024. The consensus has definitely become more optimistic, showing a great increase in revenue forecasts.

See our latest analysis for Vulcan Energy Resources

Taking a look at the bigger picture now, one of the ways we can understand these forecasts is to see how they compare to both past performance and industry growth estimates. These estimates imply that sales are expected to slow, with a forecast annualised revenue decline of 68% by the end of 2024. This indicates a significant reduction from annual growth of 85% over the last three years. Compare this with our data, which suggests that other companies in the same industry are, in aggregate, expected to see their revenue grow 1.1% per year. It's pretty clear that Vulcan Energy Resources' revenues are expected to perform substantially worse than the wider industry.

The Bottom Line

The most important thing to take away from this upgrade is that analysts lifted their revenue estimates for this year. They're also anticipating slower revenue growth than the wider market. Seeing the dramatic upgrade to this year's forecasts, it might be time to take another look at Vulcan Energy Resources.

Looking to learn more? At least one of Vulcan Energy Resources' three analysts has provided estimates out to 2026, 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 backed by insiders.

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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.