Industry Analysts Just Upgraded Their AKWEL (EPA:AKW) Revenue Forecasts By 13%

Shareholders in AKWEL (EPA:AKW) may be thrilled to learn that the analysts have just delivered a major upgrade to their near-term forecasts. The revenue forecast for this year has experienced a facelift, with analysts now much more optimistic on its sales pipeline.

After this upgrade, AKWEL's four analysts are now forecasting revenues of €1.1b in 2022. This would be a reasonable 5.3% improvement in sales compared to the last 12 months. Before the latest update, the analysts were foreseeing €970m of revenue in 2022. It looks like there's been a clear increase in optimism around AKWEL, given the nice gain to revenue forecasts.

View our latest analysis for AKWEL

Of course, another way to look at these forecasts is to place them into context against the industry itself. The analysts are definitely expecting AKWEL's growth to accelerate, with the forecast 5.3% annualised growth to the end of 2022 ranking favourably alongside historical growth of 0.5% per annum over the past five years. Compare this with other companies in the same industry, which are forecast to see revenue growth of 6.7% annually. So it's clear that despite the acceleration in growth, AKWEL is expected to grow meaningfully slower than the industry average.

The Bottom Line

The most important thing to take away from this upgrade is that analysts lifted their revenue estimates for this year. They're also anticipating slower revenue growth 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 AKWEL.

Better yet, our automated discounted cash flow calculation (DCF) suggests AKWEL could be moderately undervalued. For more information, you can click through to our platform to learn more about our valuation approach.

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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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.