Analysts Are Betting On Tidewater Midstream and Infrastructure Ltd. (TSE:TWM) With A Big Upgrade This Week

Celebrations may be in order for Tidewater Midstream and Infrastructure Ltd. (TSE:TWM) 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.

After this upgrade, Tidewater Midstream and Infrastructure's four analysts are now forecasting revenues of CA$2.2b in 2022. This would be a meaningful 12% improvement in sales compared to the last 12 months. Prior to the latest estimates, the analysts were forecasting revenues of CA$1.9b in 2022. It looks like there's been a clear increase in optimism around Tidewater Midstream and Infrastructure, given the great increase in revenue forecasts.

View our latest analysis for Tidewater Midstream and Infrastructure

One way to get more context on these forecasts is to look at how they compare to both past performance, and how other companies in the same industry are performing. It's pretty clear that there is an expectation that Tidewater Midstream and Infrastructure's revenue growth will slow down substantially, with revenues to the end of 2022 expected to display 25% growth on an annualised basis. This is compared to a historical growth rate of 47% over the past five years. Compare this with other companies in the same industry, which are forecast to see a revenue decline of 0.07% annually. So it's clear that despite the slowdown in growth, Tidewater Midstream and Infrastructure is still expected to grow meaningfully faster than the wider industry.

The Bottom Line

The highlight for us was that analysts increased their revenue forecasts for Tidewater Midstream and Infrastructure this year. They're also forecasting for revenues to perform better than companies in the wider market. Seeing the dramatic upgrade to this year's forecasts, it might be time to take another look at Tidewater Midstream and Infrastructure.

Analysts are definitely bullish on Tidewater Midstream and Infrastructure, but no company is perfect. Indeed, you should know that there are several potential concerns to be aware of, including dilutive stock issuance over the past year. You can learn more, and discover the 3 other concerns we've identified, 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.