Industry Analysts Just Upgraded Their HIAG Immobilien Holding AG (VTX:HIAG) Revenue Forecasts By 16%

HIAG Immobilien Holding AG (VTX:HIAG) shareholders will have a reason to smile today, with the analysts making substantial upgrades to this year's statutory forecasts. The revenue forecast for this year has experienced a facelift, with analysts now much more optimistic on its sales pipeline.

After this upgrade, HIAG Immobilien Holding's three analysts are now forecasting revenues of CHF102m in 2021. This would be a substantial 34% improvement in sales compared to the last 12 months. Statutory earnings per share are supposed to dive 52% to CHF3.25 in the same period. Before this latest update, the analysts had been forecasting revenues of CHF88m and earnings per share (EPS) of CHF3.26 in 2021. It seems analyst sentiment has certainly become more bullish on revenues, even though they haven't changed their view on earnings per share.

See our latest analysis for HIAG Immobilien Holding

Of course, another way to look at these forecasts is to place them into context against the industry itself. The analysts are definitely expecting HIAG Immobilien Holding's growth to accelerate, with the forecast 34% annualised growth to the end of 2021 ranking favourably alongside historical growth of 6.1% per annum over the past five years. By contrast, our data suggests that other companies (with analyst coverage) in the same industry are forecast to see their revenue shrink 7.7% per year. So it's clear with the acceleration in growth, HIAG Immobilien Holding is expected to grow meaningfully faster than the wider industry.

The Bottom Line

The most obvious conclusion from this consensus update is that there's been no major change in the business' prospects in recent times, with analysts holding earnings per share steady, in line with previous estimates. Fortunately, they also upgraded their revenue estimates, and our data indicates sales are expected to perform better than the wider market. Seeing the dramatic upgrade to this year's forecasts, it might be time to take another look at HIAG Immobilien Holding.

Analysts are definitely bullish on HIAG Immobilien Holding, 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. For more information, you can click through to our platform to learn more about this and the 3 other warning signs we've identified .

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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This article by Simply Wall St is general in nature. 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.
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