New Forecasts: Here's What Analysts Think The Future Holds For Enjoei S.A. (BVMF:ENJU3)

Shareholders in Enjoei S.A. (BVMF:ENJU3) 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 the analysts now much more optimistic on its sales pipeline.

Following the upgrade, the latest consensus from Enjoei's three analysts is for revenues of R$278m in 2024, which would reflect a substantial 26% improvement in sales compared to the last 12 months. Prior to the latest estimates, the analysts were forecasting revenues of R$252m in 2024. The consensus has definitely become more optimistic, showing a decent improvement in revenue forecasts.

View our latest analysis for Enjoei

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. It's clear from the latest estimates that Enjoei's rate of growth is expected to accelerate meaningfully, with the forecast 37% annualised revenue growth to the end of 2024 noticeably faster than its historical growth of 27% p.a. over the past three years. Compare this with other companies in the same industry, which are forecast to grow their revenue 9.9% annually. It seems obvious that, while the growth outlook is brighter than the recent past, the analysts also expect Enjoei 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. They're also forecasting more rapid revenue growth than the wider market. Seeing the dramatic upgrade to this year's forecasts, it might be time to take another look at Enjoei.

That's a pretty serious upgrade, but shareholders might be even more pleased to know that forecasts expect Enjoei to be able to reach break-even within the next few years. You can learn more about these forecasts, for free on our platform here.

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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.

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