News Flash: Analysts Just Made A Sizeable Upgrade To Their MAHLE Metal Leve S.A. (BVMF:LEVE3) Forecasts

Celebrations may be in order for MAHLE Metal Leve S.A. (BVMF:LEVE3) 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. The market may be pricing in some blue sky too, with the share price gaining 15% to R$20.32 in the last 7 days. Could this upgrade be enough to drive the stock even higher?

After the upgrade, the twin analysts covering MAHLE Metal Leve are now predicting revenues of R$2.6b in 2021. If met, this would reflect a solid 10% improvement in sales compared to the last 12 months. Before the latest update, the analysts were foreseeing R$2.3b of revenue in 2021. The consensus has definitely become more optimistic, showing a decent improvement in revenue forecasts.

Check out our latest analysis for MAHLE Metal Leve

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. It's clear from the latest estimates that MAHLE Metal Leve's rate of growth is expected to accelerate meaningfully, with the forecast 10% annualised revenue growth to the end of 2021 noticeably faster than its historical growth of 1.6% p.a. over the past five years. Other similar companies in the industry (with analyst coverage) are also forecast to grow their revenue at 11% per year. Factoring in the forecast acceleration in revenue, it's pretty clear that MAHLE Metal Leve is expected to grow at about the same rate as the wider industry.

The Bottom Line

The highlight for us was that analysts increased their revenue forecasts for MAHLE Metal Leve this year. They're also forecasting for revenues to grow at about the same rate as companies in the wider market. Seeing the dramatic upgrade to this year's forecasts, it might be time to take another look at MAHLE Metal Leve.

Of course, there's always more to the story. We have analyst estimates for MAHLE Metal Leve going out to 2023, and you can see them free on our platform here.

You can also see our analysis of MAHLE Metal Leve's Board and CEO remuneration and experience, and whether company insiders have been buying stock.

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