Industry Analysts Just Made A Captivating Upgrade To Their Wiz Co Participações e Corretagem de Seguros S.A. (BVMF:WIZC3) Revenue Forecasts

Celebrations may be in order for Wiz Co Participações e Corretagem de Seguros S.A. (BVMF:WIZC3) 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 Wiz Co Participações e Corretagem de Seguros will make substantially more sales than they'd previously expected.

Following the upgrade, the current consensus from Wiz Co Participações e Corretagem de Seguros' three analysts is for revenues of R$1.1b in 2023 which - if met - would reflect a solid 15% increase on its sales over the past 12 months. Before the latest update, the analysts were foreseeing R$947m of revenue in 2023. It looks like there's been a clear increase in optimism around Wiz Co Participações e Corretagem de Seguros, given the solid increase in revenue forecasts.

See our latest analysis for Wiz Co Participações e Corretagem de Seguros

The consensus price target fell 11% to R$9.50, with the analysts clearly less optimistic about Wiz Co Participações e Corretagem de Seguros' valuation following this update. The consensus price target is just an average of individual analyst targets, so - it could be handy to see how wide the range of underlying estimates is. The most optimistic Wiz Co Participações e Corretagem de Seguros analyst has a price target of R$11.00 per share, while the most pessimistic values it at R$7.50. This shows there is still some diversity in estimates, but analysts don't appear to be totally split on the stock as though it might be a success or failure situation.

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. It's clear from the latest estimates that Wiz Co Participações e Corretagem de Seguros' rate of growth is expected to accelerate meaningfully, with the forecast 15% annualised revenue growth to the end of 2023 noticeably faster than its historical growth of 11% p.a. over the past five years. Compare this with other companies in the same industry, which are forecast to grow their revenue 10% annually. Factoring in the forecast acceleration in revenue, it's pretty clear that Wiz Co Participações e Corretagem de Seguros is expected to grow much faster than its industry.

The Bottom Line

The most important thing to take away from this upgrade is that analysts lifted their revenue estimates for this year. They're also forecasting more rapid revenue growth than the wider market. The consensus price target fell measurably, with analysts seemingly not reassured by recent business developments, leading to a lower estimate of Wiz Co Participações e Corretagem de Seguros' future valuation. Seeing the dramatic upgrade to this year's forecasts, it might be time to take another look at Wiz Co Participações e Corretagem de Seguros.

Want to learn more? At least one of Wiz Co Participações e Corretagem de Seguros' three 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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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.