Broker Revenue Forecasts For Sensirion Holding AG (VTX:SENS) Are Surging Higher

Celebrations may be in order for Sensirion Holding AG (VTX:SENS) shareholders, with the analysts delivering a significant upgrade to their statutory estimates for the company. The consensus estimated revenue numbers rose, with their view now clearly much more bullish on the company's business prospects.

Following the upgrade, the latest consensus from Sensirion Holding's three analysts is for revenues of CHF254m in 2020, which would reflect a huge 27% improvement in sales compared to the last 12 months. Prior to the latest estimates, the analysts were forecasting revenues of CHF224m in 2020. It looks like there's been a clear increase in optimism around Sensirion Holding, given the decent improvement in revenue forecasts.

View our latest analysis for Sensirion Holding

Of course, another way to look at these forecasts is to place them into context against the industry itself. It's clear from the latest estimates that Sensirion Holding's rate of growth is expected to accelerate meaningfully, with the forecast 27% revenue growth noticeably faster than its historical growth of 19% over the past year. Compare this with other companies in the same industry, which are forecast to grow their revenue 8.0% next year. It seems obvious that, while the growth outlook is brighter than the recent past, the analysts also expect Sensirion Holding to grow faster than the wider industry.

The Bottom Line

The most important thing to take away from this upgrade is that analysts lifted their revenue estimates for this year. Analysts also expect revenues to grow faster 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 Sensirion Holding.

Looking for more information? At least one of Sensirion Holding's three analysts has provided estimates out to 2024, 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 that insiders are buying.

When trading Sensirion Holding or any other investment, use the platform considered by many to be the Professional's Gateway to the Worlds Market, Interactive Brokers. You get the lowest-cost* trading on stocks, options, futures, forex, bonds and funds worldwide from a single integrated account. Promoted

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.
^*Interactive Brokers Rated Lowest Cost Broker by StockBrokers.com Annual Online Review 2020

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com.