Need To Know: Analysts Are Much More Bullish On Enel Chile S.A. (SNSE:ENELCHILE)

Enel Chile S.A. (SNSE:ENELCHILE) shareholders will have a reason to smile today, with the analysts making substantial upgrades to this year's statutory forecasts. Consensus estimates suggest investors could expect greatly increased statutory revenues and earnings per share, with the analysts modelling a real improvement in business performance.

Following the upgrade, the current consensus from Enel Chile's five analysts is for revenues of CL$3.6t in 2022 which - if met - would reflect a notable 15% increase on its sales over the past 12 months. Statutory earnings per share are presumed to shoot up 171% to CL$3.98. Prior to this update, the analysts had been forecasting revenues of CL$3.1t and earnings per share (EPS) of CL$3.04 in 2022. There has definitely been an improvement in perception recently, with the analysts substantially increasing both their earnings and revenue estimates.

View our latest analysis for Enel Chile

These estimates are interesting, but it can be useful to paint some more broad strokes when seeing how forecasts compare, both to the Enel Chile's past performance and to peers in the same industry. The analysts are definitely expecting Enel Chile's growth to accelerate, with the forecast 20% annualised growth to the end of 2022 ranking favourably alongside historical growth of 1.4% per annum over the past five years. Compare this with other companies in the same industry, which are forecast to see a revenue decline of 0.08% annually. It seems obvious that as part of the brighter growth outlook, Enel Chile 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. On the plus side, they also lifted their revenue estimates, and the company is expected to perform better than the wider market. With a serious upgrade to expectations, it might be time to take another look at Enel Chile.

With that said, the long-term trajectory of the company's earnings is a lot more important than next year. At Simply Wall St, we have a full range of analyst estimates for Enel Chile going out to 2024, and you can see them 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.

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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.