New Forecasts: Here's What Analysts Think The Future Holds For OFILM Group Co., Ltd. (SZSE:002456)

OFILM Group Co., Ltd. (SZSE:002456) shareholders will have a reason to smile today, with the analysts making substantial upgrades to this year's forecasts. The analysts have sharply increased their revenue numbers, with a view that OFILM Group will make substantially more sales than they'd previously expected.

After the upgrade, the three analysts covering OFILM Group are now predicting revenues of CN¥23b in 2024. If met, this would reflect a decent 15% improvement in sales compared to the last 12 months. Prior to the latest estimates, the analysts were forecasting revenues of CN¥21b in 2024. The consensus has definitely become more optimistic, showing a nice gain to revenue forecasts.

See our latest analysis for OFILM Group

Taking a look at the bigger picture now, one of the ways we can understand these forecasts is to see how they compare to both past performance and industry growth estimates. For example, we noticed that OFILM Group's rate of growth is expected to accelerate meaningfully, with revenues forecast to exhibit 31% growth to the end of 2024 on an annualised basis. That is well above its historical decline of 30% 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 18% per year. So it looks like OFILM Group is expected to grow faster than its competitors, at least for a while.

The Bottom Line

The most important thing to take away from this upgrade is that analysts lifted their revenue estimates for this year. They're also forecasting more rapid revenue growth than the wider market. Seeing the dramatic upgrade to this year's forecasts, it might be time to take another look at OFILM Group.

Unsatisfied? At least one of OFILM Group's three analysts has provided estimates out to 2026, which can be seen for 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 with high insider ownership.

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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.