Industry Analysts Just Upgraded Their Green Impact Partners Inc. (CVE:GIP) Revenue Forecasts By 26%

Shareholders in Green Impact Partners Inc. (CVE:GIP) may be thrilled to learn that the analysts have just delivered a major upgrade to their near-term forecasts. The analysts have sharply increased their revenue numbers, with a view that Green Impact Partners will make substantially more sales than they'd previously expected.

Following the upgrade, the most recent consensus for Green Impact Partners from its three analysts is for revenues of CA$216m in 2022 which, if met, would be a solid 15% increase on its sales over the past 12 months. Prior to the latest estimates, the analysts were forecasting revenues of CA$171m in 2022. The consensus has definitely become more optimistic, showing a considerable lift to revenue forecasts.

See our latest analysis for Green Impact Partners

There was no particular change to the consensus price target of CA$12.88, with Green Impact Partners' latest outlook seemingly not enough to result in a change of valuation. There's another way to think about price targets though, and that's to look at the range of price targets put forward by analysts, because a wide range of estimates could suggest a diverse view on possible outcomes for the business. There are some variant perceptions on Green Impact Partners, with the most bullish analyst valuing it at CA$14.00 and the most bearish at CA$12.00 per share. Even so, with a relatively close grouping of estimates, it looks like the analysts are quite confident in their valuations, suggesting Green Impact Partners is an easy business to forecast or the underlying assumptions are obvious.

Looking at the bigger picture now, one of the ways we can make sense of these forecasts is to see how they measure up against both past performance and industry growth estimates. It's pretty clear that there is an expectation that Green Impact Partners' revenue growth will slow down substantially, with revenues to the end of 2022 expected to display 32% growth on an annualised basis. This is compared to a historical growth rate of 48% over the past year. By way of comparison, the other companies in this industry with analyst coverage are forecast to grow their revenue at 11% annually. Even after the forecast slowdown in growth, it seems obvious that Green Impact Partners is also expected 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. Analysts also expect revenues to grow faster than the wider market. Seeing the dramatic upgrade to this year's forecasts, it might be time to take another look at Green Impact Partners.

Still got questions? At least one of Green Impact Partners' three analysts has provided estimates out to 2024, which can be seen for 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.