Industry Analysts Just Upgraded Their Mobimo Holding AG (VTX:MOBN) Revenue Forecasts By 25%

Shareholders in Mobimo Holding AG (VTX:MOBN) may be thrilled to learn that the analysts have just delivered a major upgrade to their near-term forecasts. The consensus estimated revenue numbers rose, with their view now clearly much more bullish on the company's business prospects.

Following the latest upgrade, the twin analysts covering Mobimo Holding provided consensus estimates of CHF172m revenue in 2022, which would reflect a considerable 12% decline on its sales over the past 12 months. Before the latest update, the analysts were foreseeing CHF138m of revenue in 2022. It looks like there's been a clear increase in optimism around Mobimo Holding, given the sizeable gain to revenue forecasts.

See our latest analysis for Mobimo Holding

These estimates are interesting, but it can be useful to paint some more broad strokes when seeing how forecasts compare, both to the Mobimo Holding's past performance and to peers in the same industry. Over the past five years, revenues have declined around 0.5% annually. Worse, forecasts are essentially predicting the decline to accelerate, with the estimate for an annualised 22% decline in revenue until the end of 2022. Compare this against analyst estimates for companies in the broader industry, which suggest that revenues (in aggregate) are expected to decline 0.08% annually. So it's pretty clear that Mobimo Holding sales are expected to decline at a faster rate than the wider industry.

The Bottom Line

The highlight for us was that analysts increased their revenue forecasts for Mobimo Holding this year. They're also forecasting for revenues to shrink at a quicker rate 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 Mobimo Holding.

Analysts are definitely bullish on Mobimo 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 2 other concerns we've identified .

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.