Broker Revenue Forecasts For IMMOBEL SA (EBR:IMMO) Are Surging Higher

Celebrations may be in order for IMMOBEL SA (EBR:IMMO) shareholders, with the analysts delivering a significant upgrade to their statutory estimates for the company. The consensus estimated revenue numbers rose, with their view now clearly much more bullish on the company's business prospects.

After the upgrade, the consensus from IMMOBEL's two analysts is for revenues of €364m in 2020, which would reflect a disturbing 24% decline in sales compared to the last year of performance. Before the latest update, the analysts were foreseeing €324m of revenue in 2020. The consensus has definitely become more optimistic, showing a decent improvement in revenue forecasts.

View our latest analysis for IMMOBEL

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 sales are expected to reverse, with the forecast 24% revenue decline a notable change from historical growth of 37% 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 1.9% next year. So although its revenues are forecast to shrink, this cloud does not come with a silver lining - IMMOBEL is expected to lag the wider industry.

The Bottom Line

The highlight for us was that analysts increased their revenue forecasts for IMMOBEL this year. They also expect company revenue to perform worse than the wider market. Given that analysts appear to be expecting substantial improvement in the sales pipeline, now could be the right time to take another look at IMMOBEL.

Analysts are clearly in love with IMMOBEL at the moment, but before diving in - you should be aware that we've identified some warning flags with the business, such as dilutive stock issuance over the past year. You can learn more, and discover the 3 other warning signs we've identified, 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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