Forecast: Analysts Think Westshore Terminals Investment Corporation's (TSE:WTE) Business Prospects Have Improved Drastically

Westshore Terminals Investment Corporation (TSE:WTE) shareholders will have a reason to smile today, with the analysts making substantial upgrades to this year's statutory forecasts. Consensus estimates suggest investors could expect greatly increased statutory revenues and earnings per share, with the analysts modelling a real improvement in business performance.

After the upgrade, the five analysts covering Westshore Terminals Investment are now predicting revenues of CA$339m in 2023. If met, this would reflect a decent 16% improvement in sales compared to the last 12 months. Statutory earnings per share are presumed to jump 47% to CA$1.57. Prior to this update, the analysts had been forecasting revenues of CA$339m and earnings per share (EPS) of CA$1.55 in 2023. So it's pretty clear that, although the analysts have updated their estimates, there's been no major change in expectations for the business.

See our latest analysis for Westshore Terminals Investment

Taking a look at the bigger picture now, one of the ways we can understand these forecasts is to see how they compare to both past performance and industry growth estimates. For example, we noticed that Westshore Terminals Investment's rate of growth is expected to accelerate meaningfully, with revenues forecast to exhibit 16% growth to the end of 2023 on an annualised basis. That is well above its historical decline of 1.9% a year over the past five years. Compare this against analyst estimates for the broader industry, which suggest that (in aggregate) industry revenues are expected to grow 11% annually. So it looks like Westshore Terminals Investment is expected to grow faster than its competitors, at least for a while.

The Bottom Line

The most important thing to take away is that there's been no major change in sentiment, with analysts reconfirming that earnings per share are expected to continue performing in line with their prior expectations. Fortunately, analysts also reconfirmed their revenue estimates, suggesting sales are tracking in line with expectations - and our data does suggest that Westshore Terminals Investment's revenues are expected to perform better than the wider market. More bullish expectations could be a signal for investors to take a closer look at Westshore Terminals Investment.

Still, the long-term prospects of the business are much more relevant than next year's earnings. At Simply Wall St, we have a full range of analyst estimates for Westshore Terminals Investment going out to 2025, and you can see them 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.