Broker Revenue Forecasts For Fiera Capital Corporation (TSE:FSZ) Are Surging Higher

By
Simply Wall St
Published
January 10, 2022
TSX:FSZ
Source: Shutterstock

Celebrations may be in order for Fiera Capital Corporation (TSE:FSZ) shareholders, with the analysts delivering a significant upgrade to their statutory estimates for the company. The revenue forecast for next year has experienced a facelift, with analysts now much more optimistic on its sales pipeline.

After this upgrade, Fiera Capital's seven analysts are now forecasting revenues of CA$868m in 2022. This would be a sizeable 23% improvement in sales compared to the last 12 months. Prior to the latest estimates, the analysts were forecasting revenues of CA$744m in 2022. It looks like there's been a clear increase in optimism around Fiera Capital, given the nice gain to revenue forecasts.

Check out our latest analysis for Fiera Capital

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TSX:FSZ Earnings and Revenue Growth January 10th 2022

Of course, another way to look at these forecasts is to place them into context against the industry itself. The period to the end of 2022 brings more of the same, according to the analysts, with revenue forecast to display 18% growth on an annualised basis. That is in line with its 15% annual growth over the past five years. By contrast, our data suggests that other companies (with analyst coverage) in a similar industry are forecast to see their revenue shrink 32% annually. So not only is Fiera Capital expected to maintain its revenue growth despite the wider downturn, it's also forecast to grow faster than the industry as a whole.

The Bottom Line

The most important thing to take away from this upgrade is that analysts lifted their revenue estimates for next year. They're also forecasting for revenues to perform better than companies in 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 Fiera Capital.

Looking to learn more? We have analyst estimates for Fiera Capital going out to 2023, 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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