Analysts Are Betting On Tecnisa S.A. (BVMF:TCSA3) With A Big Upgrade This Week

Shareholders in Tecnisa S.A. (BVMF:TCSA3) may be thrilled to learn that the analysts have just delivered a major upgrade to their near-term forecasts. The revenue forecast for this year has experienced a facelift, with analysts now much more optimistic on its sales pipeline.

Following the upgrade, the current consensus from Tecnisa's dual analysts is for revenues of R$607m in 2023 which - if met - would reflect a sizeable 55% increase on its sales over the past 12 months. Prior to the latest estimates, the analysts were forecasting revenues of R$539m in 2023. It looks like there's been a clear increase in optimism around Tecnisa, given the decent improvement in revenue forecasts.

Check out our latest analysis for Tecnisa

The consensus price target rose 8.5% to R$3.53, with the analysts clearly more optimistic about Tecnisa's prospects following this update.

One way to get more context on these forecasts is to look at how they compare to both past performance, and how other companies in the same industry are performing. One thing stands out from these estimates, which is that Tecnisa is forecast to grow faster in the future than it has in the past, with revenues expected to display 80% annualised growth until the end of 2023. If achieved, this would be a much better result than the 5.5% annual decline over the past five years. By contrast, our data suggests that other companies (with analyst coverage) in the industry are forecast to see their revenue grow 12% per year. Not only are Tecnisa's revenues expected to improve, it seems that the analysts are also expecting it to grow faster than the wider industry.

The Bottom Line

The most important thing to take away from this upgrade is that analysts lifted their revenue estimates for this year. The analysts also expect revenues to grow faster than the wider market. There was also a nice increase in the price target, with analysts apparently feeling that the intrinsic value of the business is improving. Seeing the dramatic upgrade to this year's forecasts, it might be time to take another look at Tecnisa.

Looking to learn more? We have analyst estimates for Tecnisa going out to 2025, and you can see them 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.

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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.