Upgrade: Analysts Just Made A Sizeable Increase To Their HIAG Immobilien Holding AG (VTX:HIAG) Forecasts

Celebrations may be in order for HIAG Immobilien Holding AG (VTX:HIAG) shareholders, with the analysts delivering a significant upgrade to their statutory estimates for the company. The consensus statutory numbers for both revenue and earnings per share (EPS) increased, with their view clearly much more bullish on the company's business prospects.

Following the upgrade, the latest consensus from HIAG Immobilien Holding's twin analysts is for revenues of CHF166m in 2024, which would reflect a huge 21% improvement in sales compared to the last 12 months. Statutory earnings per share are presumed to grow 18% to CHF7.14. Before this latest update, the analysts had been forecasting revenues of CHF143m and earnings per share (EPS) of CHF4.49 in 2024. There has definitely been an improvement in perception recently, with the analysts substantially increasing both their earnings and revenue estimates.

Check out our latest analysis for HIAG Immobilien Holding

These estimates are interesting, but it can be useful to paint some more broad strokes when seeing how forecasts compare, both to the HIAG Immobilien Holding's past performance and to peers in the same industry. It's clear from the latest estimates that HIAG Immobilien Holding's rate of growth is expected to accelerate meaningfully, with the forecast 47% annualised revenue growth to the end of 2024 noticeably faster than its historical growth of 17% p.a. over the past five years. Compare this with other companies in the same industry, which are forecast to see a revenue decline of 5.6% annually. It seems obvious that as part of the brighter growth outlook, HIAG Immobilien Holding is expected to grow faster than the wider industry.

The Bottom Line

The biggest takeaway for us from these new estimates is that analysts upgraded their earnings per share estimates, with improved earnings power expected for this year. Fortunately, they also upgraded their revenue estimates, and our data indicates sales are expected to perform better than the wider market. With a serious upgrade to expectations, it might be time to take another look at HIAG Immobilien Holding.

Still, the long-term prospects of the business are much more relevant than next year's earnings. At least one analyst has provided forecasts out to 2026, 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 backed by insiders.

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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.