Broker Revenue Forecasts For Aktia Pankki Oyj (HEL:AKTIA) Are Surging Higher

Aktia Pankki Oyj (HEL:AKTIA) shareholders will have a reason to smile today, with the analysts making substantial upgrades to this year's statutory forecasts. The consensus estimated revenue numbers rose, with their view now clearly much more bullish on the company's business prospects.

Following the upgrade, the most recent consensus for Aktia Pankki Oyj from its two analysts is for revenues of €255m in 2021 which, if met, would be a substantial 47% increase on its sales over the past 12 months. Statutory earnings per share are presumed to expand 14% to €0.89. Prior to this update, the analysts had been forecasting revenues of €226m and earnings per share (EPS) of €0.89 in 2021. 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.

Check out our latest analysis for Aktia Pankki Oyj

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 Aktia Pankki Oyj's rate of growth is expected to accelerate meaningfully, with revenues forecast to exhibit 67% growth to the end of 2021 on an annualised basis. That is well above its historical decline of 1.6% 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 5.6% annually. Not only are Aktia Pankki Oyj'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 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 this year, and sales are expected to grow faster than the wider market. Given that analysts appear to be expecting substantial improvement in the sales pipeline, now could be the right time to take another look at Aktia Pankki Oyj.

These earnings upgrades look like a sterling endorsement, but before diving in - you should know that we've spotted 2 potential risk with Aktia Pankki Oyj, including concerns around earnings quality. For more information, you can click through to our platform to learn more about this and the 1 other risk we've identified .

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.

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