Need To Know: Analysts Are Much More Bullish On Wiz Co Participações e Corretagem de Seguros S.A. (BVMF:WIZC3) Revenues

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 revenue forecast for this year has experienced a facelift, with the analysts now much more optimistic on its sales pipeline. Investor sentiment seems to be improving too, with the share price up 7.1% to R$5.88 over the past 7 days. Whether the upgrade is enough to drive the stock price higher is yet to be seen, however.

Following this upgrade, Wiz Co Participações e Corretagem de Seguros' three analysts are forecasting 2023 revenues to be R$947m, approximately in line with the last 12 months. Before the latest update, the analysts were foreseeing R$849m 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 decent improvement in revenue forecasts.

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

These estimates are interesting, but it can be useful to paint some more broad strokes when seeing how forecasts compare, both to the Wiz Co Participações e Corretagem de Seguros' past performance and to peers in the same industry. These estimates imply that sales are expected to slow, with a forecast annualised revenue decline of 0.2% by the end of 2023. This indicates a significant reduction from annual growth of 11% over the last five years. By contrast, our data suggests that other companies (with analyst coverage) in the same industry are forecast to see their revenue grow 10% annually for the foreseeable future. It's pretty clear that Wiz Co Participações e Corretagem de Seguros' revenues are expected to perform substantially worse 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. They also expect company revenue to perform worse than the wider market. Given that analysts appear to be expecting substantial improvement in the sales pipeline, now could be the right time to take another look at Wiz Co Participações e Corretagem de Seguros.

Need some more information? We have analyst estimates for Wiz Co Participações e Corretagem de Seguros going out to 2025, 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.