Analysts' Revenue Estimates For Leader Harmonious Drive Systems Co., Ltd. (SHSE:688017) Are Surging Higher

Leader Harmonious Drive Systems Co., Ltd. (SHSE:688017) 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 the analysts now much more optimistic on its sales pipeline.

Following the upgrade, the latest consensus from Leader Harmonious Drive Systems' eleven analysts is for revenues of CN¥470m in 2024, which would reflect a huge 35% improvement in sales compared to the last 12 months. Before the latest update, the analysts were foreseeing CN¥427m of revenue in 2024. The consensus has definitely become more optimistic, showing a substantial gain in revenue forecasts.

View our latest analysis for Leader Harmonious Drive Systems

There was no particular change to the consensus price target of CN¥92.10, with Leader Harmonious Drive Systems' latest outlook seemingly not enough to result in a change of valuation.

Looking at the bigger picture now, one of the ways we can make sense of these forecasts is to see how they measure up against both past performance and industry growth estimates. The analysts are definitely expecting Leader Harmonious Drive Systems' growth to accelerate, with the forecast 48% annualised growth to the end of 2024 ranking favourably alongside historical growth of 1.8% per annum over the past three years. Compare this with other companies in the same industry, which are forecast to grow their revenue 17% annually. It seems obvious that, while the growth outlook is brighter than the recent past, the analysts also expect Leader Harmonious Drive Systems 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. The analysts also expect revenues to grow faster than the wider market. Seeing the dramatic upgrade to this year's forecasts, it might be time to take another look at Leader Harmonious Drive Systems.

But wait - there's more! We have analyst estimates for Leader Harmonious Drive Systems going out to 2026, and you can see them free on our platform here.

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.