New Forecasts: Here's What Analysts Think The Future Holds For Taaleri Oyj (HEL:TAALA)

Taaleri Oyj (HEL:TAALA) shareholders will have a reason to smile today, with the analysts making substantial upgrades to this year's statutory forecasts. The analysts greatly increased their revenue estimates, suggesting a stark improvement in business fundamentals.

Following the latest upgrade, the current consensus, from the three analysts covering Taaleri Oyj, is for revenues of €69m in 2023, which would reflect an uncomfortable 8.3% reduction in Taaleri Oyj's sales over the past 12 months. Statutory earnings per share are supposed to plunge 37% to €0.80 in the same period. Prior to this update, the analysts had been forecasting revenues of €61m and earnings per share (EPS) of €0.71 in 2023. There has definitely been an improvement in perception recently, with the analysts substantially increasing both their earnings and revenue estimates.

View our latest analysis for Taaleri Oyj

Another way we can view these estimates is in the context of the bigger picture, such as how the forecasts stack up against past performance, and whether forecasts are more or less bullish relative to other companies in the industry. One more thing stood out to us about these estimates, and it's the idea that Taaleri Oyj's decline is expected to accelerate, with revenues forecast to fall at an annualised rate of 16% to the end of 2023. This tops off a historical decline of 1.3% a year over the past five years. By contrast, our data suggests that other companies (with analyst coverage) in a similar industry are forecast to see their revenue grow 8.4% per year. So while a broad number of companies are forecast to grow, unfortunately Taaleri Oyj is expected to see its sales affected worse than other companies in the industry.

The Bottom Line

The most important thing to take away from this upgrade is that analysts upgraded their earnings per share estimates for this year, expecting improving business conditions. Pleasantly, analysts also upgraded their revenue estimates, and their forecasts suggest the business is expected to grow slower than the wider market. More bullish expectations could be a signal for investors to take a closer look at Taaleri Oyj.

Even so, the longer term trajectory of the business is much more important for the value creation of shareholders. We have estimates - from multiple Taaleri Oyj analysts - going out to 2025, 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.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.

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.