Bullish: Analysts Just Made A Huge Upgrade To Their OceanPact Serviços Marítimos S.A. (BVMF:OPCT3) Forecasts

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 consensus statutory numbers for both revenue and earnings per share (EPS) increased, with their view clearly much more bullish on the company's business prospects.

Following the upgrade, the most recent consensus for OceanPact Serviços Marítimos from its three analysts is for revenues of R$1.4b in 2022 which, if met, would be a substantial 55% 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$0.30 per share this year. Prior to this update, the analysts had been forecasting revenues of R$1.2b and earnings per share (EPS) of R$0.22 in 2022. So we can see there's been a pretty clear increase in analyst sentiment in recent times, with both revenues and earnings per share receiving a decent lift in the latest estimates.

Check out our latest analysis for OceanPact Serviços Marítimos

Looking at the bigger picture now, one of the ways we can make sense of these forecasts is to see how they measure up against both past performance and industry growth estimates. The analysts are definitely expecting OceanPact Serviços Marítimos' growth to accelerate, with the forecast 55% annualised growth to the end of 2022 ranking favourably alongside historical growth of 27% 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 24% per year. Factoring in the forecast acceleration in revenue, it's pretty clear that OceanPact Serviços Marítimos is expected to grow much faster than its industry.

The Bottom Line

The biggest takeaway for us from these new estimates is that analysts upgraded their earnings per share estimates, with improved earnings power expected for this year. Fortunately, analysts also upgraded their revenue estimates, and our data indicates sales are expected to perform better than the wider market. More bullish expectations could be a signal for investors to take a closer look at OceanPact Serviços Marítimos.

Even so, the longer term trajectory of the business is much more important for the value creation of shareholders. We have estimates - from multiple OceanPact Serviços Marítimos analysts - going out to 2024, and you can see them 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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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.