Need To Know: Analysts Are Much More Bullish On D'Ieteren Group SA (EBR:DIE) Revenues

D'Ieteren Group SA (EBR:DIE) shareholders will have a reason to smile today, with the analysts making substantial upgrades to this year's forecasts. The analysts have sharply increased their revenue numbers, with a view that D'Ieteren Group will make substantially more sales than they'd previously expected. The market seems to be pricing in some improvement in the business too, with the stock up 5.5% over the past week, closing at €191. It will be interesting to see if this latest upgrade is enough to kickstart further buying interest in the stock.

After this upgrade, D'Ieteren Group's two analysts are now forecasting revenues of €9.6b in 2024. This would be a sizeable 21% improvement in sales compared to the last 12 months. Per-share earnings are expected to leap 40% to €13.20. Previously, the analysts had been modelling revenues of €7.8b and earnings per share (EPS) of €13.14 in 2024. There's clearly been a surge in bullishness around the company's sales pipeline, even if there's no real change in earnings per share forecasts.

Check out our latest analysis for D'Ieteren Group

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 21% annualised revenue growth to the end of 2024 noticeably faster than its historical growth of 15% p.a. over the past five years. By contrast, our data suggests that other companies (with analyst coverage) in a similar industry are forecast to grow their revenue at 3.1% per year. Factoring in the forecast acceleration in revenue, it's pretty clear that D'Ieteren Group is expected to grow much faster than its industry.

The Bottom Line

The most obvious conclusion from this consensus update is that there's been no major change in the business' prospects in recent times, with analysts holding earnings per share steady, in line with previous estimates. They also upgraded their revenue estimates for this year, and sales are expected to grow faster 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 D'Ieteren Group.

Still, the long-term prospects of the business are much more relevant than next year's earnings. We have analyst estimates for D'Ieteren Group going out as far as 2026, and you can see them 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.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.

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.