Industry Analysts Just Upgraded Their D'Ieteren Group SA (EBR:DIE) Revenue Forecasts By 24%

Shareholders in D'Ieteren Group SA (EBR:DIE) may be thrilled to learn that the analysts have just delivered a major upgrade to their near-term forecasts. The revenue forecast for this year has experienced a facelift, with the analysts now much more optimistic on its sales pipeline. The market seems to be pricing in some improvement in the business too, with the stock up 6.1% over the past week, closing at €208. Whether the upgrade is enough to drive the stock price higher is yet to be seen, however.

After this upgrade, D'Ieteren Group's two analysts are now forecasting revenues of €9.9b in 2024. This would be a huge 24% improvement in sales compared to the last 12 months. Prior to the latest estimates, the analysts were forecasting revenues of €8.0b in 2024. It looks like there's been a clear increase in optimism around D'Ieteren Group, given the very substantial lift in revenue forecasts.

View our latest analysis for D'Ieteren Group

We'd point out that there was no major changes to their price target of €264, suggesting the latest estimates were not enough to shift their view on the value of the business.

These estimates are interesting, but it can be useful to paint some more broad strokes when seeing how forecasts compare, both to the D'Ieteren Group's past performance and to peers in the same industry. It's clear from the latest estimates that D'Ieteren Group's rate of growth is expected to accelerate meaningfully, with the forecast 24% annualised revenue growth to the end of 2024 noticeably faster than its historical growth of 15% p.a. over the past five years. Compare this with other companies in the same industry, which are forecast to grow their revenue 9.2% annually. It seems obvious that, while the growth outlook is brighter than the recent past, the analysts also expect D'Ieteren Group to grow faster 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. The 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 D'Ieteren Group.

Unsatisfied? We have analyst estimates for D'Ieteren Group going out to 2026, and you can see them free on our 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.