Analysts Are Betting On Iberpapel Gestión, S.A. (BME:IBG) With A Big Upgrade This Week

Shareholders in Iberpapel Gestión, S.A. (BME:IBG) may be thrilled to learn that the analysts have just delivered a major upgrade to their near-term forecasts. The revenue forecast for this year has experienced a facelift, with analysts now much more optimistic on its sales pipeline.

Following the upgrade, the most recent consensus for Iberpapel Gestión from its three analysts is for revenues of €245m in 2022 which, if met, would be an okay 3.2% increase on its sales over the past 12 months. Prior to the latest estimates, the analysts were forecasting revenues of €220m in 2022. The consensus has definitely become more optimistic, showing a solid increase in revenue forecasts.

See our latest analysis for Iberpapel Gestión

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 Iberpapel Gestión's rate of growth is expected to accelerate meaningfully, with revenues forecast to exhibit 3.2% growth to the end of 2022 on an annualised basis. That is well above its historical decline of 3.1% a year over the past five years. Compare this against analyst estimates for the broader industry, which suggest that (in aggregate) industry revenues are expected to grow 2.1% annually. Not only are Iberpapel Gestión's revenues expected to improve, it seems that the analysts are also expecting it to grow faster than the wider industry.

The Bottom Line

The highlight for us was that analysts increased their revenue forecasts for Iberpapel Gestión 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 Iberpapel Gestión.

Unanswered questions? We have analyst estimates for Iberpapel Gestión going out to 2024, 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.