New Forecasts: Here's What Analysts Think The Future Holds For Prio S.A. (BVMF:PRIO3)

Shareholders in Prio S.A. (BVMF:PRIO3) 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 latest consensus from Prio's nine analysts is for revenues of R$18b in 2024, which would reflect a sizeable 81% improvement in sales compared to the last 12 months. Before the latest update, the analysts were foreseeing R$16b of revenue in 2024. The consensus has definitely become more optimistic, showing a substantial gain in revenue forecasts.

Check out our latest analysis for Prio

Of course, another way to look at these forecasts is to place them into context against the industry itself. It's clear from the latest estimates that Prio's rate of growth is expected to accelerate meaningfully, with the forecast 81% annualised revenue growth to the end of 2024 noticeably faster than its historical growth of 47% p.a. over the past five years. Compare this with other companies in the same industry, which are forecast to see a revenue decline of 1.1% annually. It seems obvious that as part of the brighter growth outlook, Prio is expected to grow faster than the wider industry.

The Bottom Line

The highlight for us was that analysts increased their revenue forecasts for Prio this year. They're also forecasting for revenues to perform better than companies in the wider market. Seeing the dramatic upgrade to this year's forecasts, it might be time to take another look at Prio.

Analysts are definitely bullish on Prio, but no company is perfect. Indeed, you should know that there are several potential concerns to be aware of, including concerns around earnings quality. For more information, you can click through to our platform to learn more about this and the 1 other risk we've identified .

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

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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.