Need To Know: Analysts Are Much More Bullish On EZTEC Empreendimentos e Participações S.A. (BVMF:EZTC3) Revenues

Celebrations may be in order for EZTEC Empreendimentos e Participações S.A. (BVMF:EZTC3) shareholders, with the analysts delivering a significant upgrade to their statutory estimates for the company. The analysts have sharply increased their revenue numbers, with a view that EZTEC Empreendimentos e Participações will make substantially more sales than they'd previously expected.

Following the upgrade, the latest consensus from EZTEC Empreendimentos e Participações' seven analysts is for revenues of R$1.6b in 2021, which would reflect a major 69% improvement in sales compared to the last 12 months. Prior to the latest estimates, the analysts were forecasting revenues of R$1.4b in 2021. It looks like there's been a clear increase in optimism around EZTEC Empreendimentos e Participações, given the substantial gain in revenue forecasts.

View our latest analysis for EZTEC Empreendimentos e Participações

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 EZTEC Empreendimentos e Participações' growth to accelerate, with the forecast 101% annualised growth to the end of 2021 ranking favourably alongside historical growth of 3.9% per annum over the past five years. Compare this with other companies in the same industry, which are forecast to grow their revenue 13% annually. It seems obvious that, while the growth outlook is brighter than the recent past, the analysts also expect EZTEC Empreendimentos e Participações to grow faster than the wider industry.

The Bottom Line

The highlight for us was that analysts increased their revenue forecasts for EZTEC Empreendimentos e Participações 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 EZTEC Empreendimentos e Participações.

Want to learn more? At least one of EZTEC Empreendimentos e Participações' seven analysts has provided estimates out to 2025, which can be seen 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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