Broker Revenue Forecasts For Altia Oyj (HEL:ALTIA) Are Surging Higher

Celebrations may be in order for Altia Oyj (HEL:ALTIA) shareholders, with the analysts delivering a significant upgrade to their statutory estimates for the company. 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 Altia Oyj from its twin analysts is for revenues of €490m in 2021 which, if met, would be a major 42% increase on its sales over the past 12 months. Before the latest update, the analysts were foreseeing €350m of revenue in 2021. The consensus has definitely become more optimistic, showing a sizeable gain to revenue forecasts.

Check out our latest analysis for Altia Oyj

Looking at the bigger picture now, one of the ways we can make sense of these forecasts is to see how they measure up against both past performance and industry growth estimates. For example, we noticed that Altia Oyj's rate of growth is expected to accelerate meaningfully, with revenues forecast to grow 42%, well above its historical decline of 4.5% a year over the past year. Compare this against analyst estimates for the wider industry, which suggest that (in aggregate) industry revenues are expected to grow 5.5% next year. Not only are Altia 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 highlight for us was that analysts increased their revenue forecasts for Altia Oyj next year. They're also forecasting more rapid revenue growth than the wider market. Seeing the dramatic upgrade to next year's forecasts, it might be time to take another look at Altia Oyj.

Still got questions? At least one of Altia Oyj's twin analysts has provided estimates out to 2024, which can be seen for free on our platform here.

We also provide an overview of the Altia Oyj Board and CEO remuneration and length of tenure at the company, and whether insiders have been buying the stock, here.

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