Industry Analysts Just Made A Dazzling Upgrade To Their Brockhaus Technologies AG (FRA:BKHT) Revenue Forecasts

Brockhaus Technologies AG (FRA:BKHT) shareholders will have a reason to smile today, with the analysts making substantial upgrades to next year's forecasts. The revenue forecast for next year has experienced a facelift, with analysts now much more optimistic on its sales pipeline. The stock price has risen 6.4% to €26.70 over the past week, suggesting investors are becoming more optimistic. Whether the upgrade is enough to drive the stock price higher is yet to be seen, however.

After the upgrade, the four analysts covering Brockhaus Technologies are now predicting revenues of €103m in 2022. If met, this would reflect a huge 93% improvement in sales compared to the last 12 months. The losses are expected to disappear over the next year or so, with forecasts for a profit of €0.61 per share next year. Previously, the analysts had been modelling revenues of €72m and earnings per share (EPS) of €0.60 in 2022. 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 Brockhaus Technologies

These estimates are interesting, but it can be useful to paint some more broad strokes when seeing how forecasts compare, both to the Brockhaus Technologies' past performance and to peers in the same industry. It's clear from the latest estimates that Brockhaus Technologies' rate of growth is expected to accelerate meaningfully, with the forecast 69% annualised revenue growth to the end of 2022 noticeably faster than its historical growth of 49% p.a. over the past five years. Compare this with other companies in the same industry, which are forecast to grow their revenue 14% annually. It seems obvious that, while the growth outlook is brighter than the recent past, the analysts also expect Brockhaus Technologies to grow 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 analysts reconfirming that earnings per share are expected to continue performing in line with their prior expectations. They also upgraded their revenue estimates for next year, and sales are expected to grow faster than the wider market. Seeing the dramatic upgrade to next year's forecasts, it might be time to take another look at Brockhaus Technologies.

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 Brockhaus Technologies going out to 2023, 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.

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.

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