Need To Know: Analysts Are Much More Bullish On Meyer Burger Technology AG (VTX:MBTN) Revenues

Celebrations may be in order for Meyer Burger Technology AG (VTX:MBTN) shareholders, with the analysts delivering a significant upgrade to their statutory estimates for the company. The analysts have sharply increased their revenue numbers, with a view that Meyer Burger Technology will make substantially more sales than they'd previously expected.

Following the upgrade, the latest consensus from Meyer Burger Technology's six analysts is for revenues of CHF196m in 2022, which would reflect a sizeable 149% improvement in sales compared to the last 12 months. Before the latest update, the analysts were foreseeing CHF157m of revenue in 2022. The consensus has definitely become more optimistic, showing a considerable lift to revenue forecasts.

See our latest analysis for Meyer Burger Technology

Another way we can view these estimates is in the context of the bigger picture, such as how the forecasts stack up against past performance, and whether forecasts are more or less bullish relative to other companies in the industry. For example, we noticed that Meyer Burger Technology's rate of growth is expected to accelerate meaningfully, with revenues forecast to exhibit 5x growth to the end of 2022 on an annualised basis. That is well above its historical decline of 41% a year over the past five years. By contrast, our data suggests that other companies (with analyst coverage) in the industry are forecast to see their revenue grow 13% per year. Not only are Meyer Burger Technology's revenues expected to improve, it seems that the analysts are also expecting it to grow faster than the wider industry.

The Bottom Line

The highlight for us was that analysts increased their revenue forecasts for Meyer Burger Technology this year. They're also forecasting more rapid revenue growth than 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 Meyer Burger Technology.

Better yet, Meyer Burger Technology is expected to break-even soon - within the next few years - according to analyst forecasts, which would be a momentous event for shareholders. For more information, you can click through to our free platform to learn more about these forecasts.

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. 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.