One Allterco AD (BUL:A4L) Analyst Just Lifted Their Revenue Forecasts By A Dazzling 35%

Allterco AD (BUL:A4L) shareholders will have a reason to smile today, with the covering analyst making substantial upgrades to this year's statutory forecasts. The consensus estimated revenue numbers rose, with their view now clearly much more bullish on the company's business prospects.

After this upgrade, Allterco AD's one analyst is now forecasting revenues of лв86m in 2021. This would be a sizeable 65% improvement in sales compared to the last 12 months. Prior to the latest estimates, the analyst was forecasting revenues of лв64m in 2021. The consensus has definitely become more optimistic, showing a very substantial lift in revenue forecasts.

View our latest analysis for Allterco AD

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. The analyst is definitely expecting Allterco AD's growth to accelerate, with the forecast 95% annualised growth to the end of 2021 ranking favourably alongside historical growth of 5.4% per annum 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 4.5% per year. It seems obvious that, while the growth outlook is brighter than the recent past, the analyst also expect Allterco AD to grow faster than the wider industry.

The Bottom Line

The highlight for us was that the analyst increased their revenue forecasts for Allterco AD this year. They're also forecasting more rapid revenue growth than the wider market. Seeing the dramatic upgrade to this year's forecasts, it might be time to take another look at Allterco AD.

The covering analyst is definitely bullish on Allterco AD, but no company is perfect. Indeed, you should know that there are several potential concerns to be aware of, including concerns around earnings quality. You can learn more, and discover the 2 other flags we've identified, for free on our platform here.

Of course, seeing company management invest large sums of money in a stock can be just as useful as knowing whether analysts are upgrading their estimates. So you may also wish to search this free list of stocks that insiders are buying.

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