One Ilkka-Yhtymä Oyj (HEL:ILK2S) Analyst Just Lifted Their Revenue Forecasts By A Meaningful 12%

Ilkka-Yhtymä Oyj (HEL:ILK2S) shareholders will have a reason to smile today, with the covering analyst making substantial upgrades to this year's statutory forecasts. The revenue forecast for this year has experienced a facelift, with the analyst now much more optimistic on its sales pipeline.

After the upgrade, the single analyst covering Ilkka-Yhtymä Oyj is now predicting revenues of €55m in 2022. If met, this would reflect a meaningful 11% improvement in sales compared to the last 12 months. Before the latest update, the analyst was foreseeing €49m of revenue in 2022. It looks like there's been a clear increase in optimism around Ilkka-Yhtymä Oyj, given the nice increase in revenue forecasts.

See our latest analysis for Ilkka-Yhtymä Oyj

Of course, another way to look at these forecasts is to place them into context against the industry itself. It's clear from the latest estimates that Ilkka-Yhtymä Oyj's rate of growth is expected to accelerate meaningfully, with the forecast 11% annualised revenue growth to the end of 2022 noticeably faster than its historical growth of 5.3% p.a. over the past five years. Compare this with other companies in the same industry, which are forecast to grow their revenue 5.7% annually. It seems obvious that, while the growth outlook is brighter than the recent past, the analyst also expect Ilkka-Yhtymä Oyj to grow faster than the wider industry.

The Bottom Line

The highlight for us was that the analyst increased their revenue forecasts for Ilkka-Yhtymä Oyj 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 Ilkka-Yhtymä Oyj.

These earnings upgrades look like a sterling endorsement, but before diving in - you should know that we've spotted 2 potential flag with Ilkka-Yhtymä Oyj, including its declining profit margins. For more information, you can click through to our platform to learn more about this and the 1 other flag 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.

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.