One FCR Immobilien AG (ETR:FC9) Analyst Just Lifted Their Revenue Forecasts By An Incredible 38%

FCR Immobilien AG (ETR:FC9) shareholders will have a reason to smile today, with the covering analyst making substantial upgrades to this year's statutory forecasts. The revenue forecast for this year has experienced a facelift, with the analyst now much more optimistic on its sales pipeline.

After this upgrade, FCR Immobilien's single analyst is now forecasting revenues of €70m in 2023. This would be a major 78% improvement in sales compared to the last 12 months. Statutory earnings per share are anticipated to decline 20% to €0.98 in the same period. Prior to this update, the analyst had been forecasting revenues of €51m and earnings per share (EPS) of €0.97 in 2023. There's clearly been a surge in bullishness around the company's sales pipeline, even if there's no real change in earnings per share forecasts.

View our latest analysis for FCR Immobilien

These estimates are interesting, but it can be useful to paint some more broad strokes when seeing how forecasts compare, both to the FCR Immobilien's past performance and to peers in the same industry. The analyst is definitely expecting FCR Immobilien's growth to accelerate, with the forecast 78% annualised growth to the end of 2023 ranking favourably alongside historical growth of 9.0% per annum over the past five years. By contrast, our data suggests that other companies (with analyst coverage) in the same industry are forecast to see their revenue shrink 14% per year. So it's clear with the acceleration in growth, FCR Immobilien is expected to grow meaningfully faster than the wider industry.

The Bottom Line

The most important thing to take away is that there's been no major change in sentiment, with the analyst reconfirming that earnings per share are expected to continue performing in line with their prior expectations. Fortunately, they also upgraded their revenue estimates, and our data indicates sales are expected to perform better than the wider market. Seeing the dramatic upgrade to this year's forecasts, it might be time to take another look at FCR Immobilien.

Still, the long-term prospects of the business are much more relevant than next year's earnings. At least one analyst has provided forecasts out to 2025, 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 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.