Analysts Are Betting On OceanPact Serviços Marítimos S.A. (BVMF:OPCT3) With A Big Upgrade This Week

Shareholders in OceanPact Serviços Marítimos S.A. (BVMF:OPCT3) may be thrilled to learn that the analysts have just delivered a major upgrade to their near-term forecasts. The analysts have sharply increased their revenue numbers, with a view that OceanPact Serviços Marítimos will make substantially more sales than they'd previously expected.

Following the upgrade, the most recent consensus for OceanPact Serviços Marítimos from its two analysts is for revenues of R$1.6b in 2023 which, if met, would be a substantial 33% increase on its sales over the past 12 months. The losses are expected to disappear over the next year or so, with forecasts for a profit of R$0.04 per share this year. Before this latest update, the analysts had been forecasting revenues of R$1.3b and earnings per share (EPS) of R$0.04 in 2023. It seems analyst sentiment has certainly become more bullish on revenues, even though they haven't changed their view on earnings per share.

View our latest analysis for OceanPact Serviços Marítimos

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 period to the end of 2023 brings more of the same, according to the analysts, with revenue forecast to display 33% growth on an annualised basis. That is in line with its 29% annual growth over the past five years. By contrast, our data suggests that other companies (with analyst coverage) in a similar industry are forecast to see their revenues grow 21% per year. So it's pretty clear that OceanPact Serviços Marítimos is forecast to grow substantially 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. Seeing the dramatic upgrade to this year's forecasts, it might be time to take another look at OceanPact Serviços Marítimos.

Even so, the longer term trajectory of the business is much more important for the value creation of shareholders. At least one analyst has provided forecasts out to 2025, which can be seen 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.

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.