One Analyst's Revenue Estimates For Tokmanni Group Oyj (HEL:TOKMAN) Are Surging Higher

Celebrations may be in order for Tokmanni Group Oyj (HEL:TOKMAN) shareholders, with the covering analyst delivering a significant upgrade to their statutory estimates for the company. The revenue forecast for this year has experienced a facelift, with the analyst now much more optimistic on its sales pipeline.

Following the upgrade, the latest consensus from Tokmanni Group Oyj's lone analyst is for revenues of €1.4b in 2023, which would reflect a solid 18% improvement in sales compared to the last 12 months. Prior to the latest estimates, the analyst was forecasting revenues of €1.2b in 2023. It looks like there's been a clear increase in optimism around Tokmanni Group Oyj, given the decent improvement in revenue forecasts.

See our latest analysis for Tokmanni Group Oyj

These estimates are interesting, but it can be useful to paint some more broad strokes when seeing how forecasts compare, both to the Tokmanni Group Oyj's past performance and to peers in the same industry. The analyst is definitely expecting Tokmanni Group Oyj's growth to accelerate, with the forecast 40% annualised growth to the end of 2023 ranking favourably alongside historical growth of 7.9% per annum over the past five years. Compare this with other companies in the same industry, which are forecast to grow their revenue 11% annually. It seems obvious that, while the growth outlook is brighter than the recent past, the analyst also expect Tokmanni Group Oyj to grow faster than the wider industry.

The Bottom Line

The highlight for us was that the analyst increased their revenue forecasts for Tokmanni Group Oyj this year. The analyst also expects revenues to grow faster than the wider market. Seeing the dramatic upgrade to this year's forecasts, it might be time to take another look at Tokmanni Group Oyj.

Unsatisfied? We have estimates for Tokmanni Group Oyj until 2025 from one covering analyst, and you can see them free on our platform here.

Another thing to consider is whether management and directors have been buying or selling stock recently. We provide an overview of all open market stock trades for the last twelve months on our platform, here.

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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.