Broker Revenue Forecasts For CSN Mineração S.A. (BVMF:CMIN3) Are Surging Higher

CSN Mineração S.A. (BVMF:CMIN3) shareholders will have a reason to smile today, with the analysts making substantial upgrades to this year's forecasts. The consensus estimated revenue numbers rose, with their view now clearly much more bullish on the company's business prospects.

Following the latest upgrade, the current consensus, from the nine analysts covering CSN Mineração, is for revenues of R$16b in 2024, which would reflect a chunky 14% reduction in CSN Mineração's sales over the past 12 months. Prior to the latest estimates, the analysts were forecasting revenues of R$15b in 2024. The consensus has definitely become more optimistic, showing a substantial gain in revenue forecasts.

Check out our latest analysis for CSN Mineração

There was no particular change to the consensus price target of R$6.58, with CSN Mineração's latest outlook seemingly not enough to result in a change of valuation.

Another way we can view these estimates is in the context of the bigger picture, such as how the forecasts stack up against past performance, and whether forecasts are more or less bullish relative to other companies in the industry. We would highlight that sales are expected to reverse, with a forecast 14% annualised revenue decline to the end of 2024. That is a notable change from historical growth of 7.6% over the last five years. Compare this with our data, which suggests that other companies in the same industry are, in aggregate, expected to see their revenue grow 0.2% per year. So although its revenues are forecast to shrink, this cloud does not come with a silver lining - CSN Mineração is expected to lag 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're also anticipating slower revenue growth 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 CSN Mineração.

Still got questions? We have analyst estimates for CSN Mineração going out to 2026, 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.