This Analyst Just Made A Significant Upgrade To Their Groupe OKwind Société anonyme (EPA:ALOKW) Earnings Forecasts

Celebrations may be in order for Groupe OKwind Société anonyme (EPA:ALOKW) shareholders, with the covering analyst delivering a significant upgrade to their statutory estimates for the company. The consensus statutory numbers for both revenue and earnings per share (EPS) increased, with their view clearly much more bullish on the company's business prospects.

After the upgrade, the one analyst covering Groupe OKwind Société anonyme is now predicting revenues of €88m in 2023. If met, this would reflect a huge 180% improvement in sales compared to the last 12 months. Per-share earnings are expected to jump 501% to €0.75. Previously, the analyst had been modelling revenues of €65m and earnings per share (EPS) of €0.66 in 2023. There has definitely been an improvement in perception recently, with the analyst substantially increasing both their earnings and revenue estimates.

View our latest analysis for Groupe OKwind Société anonyme

With these upgrades, we're not surprised to see that the analyst has lifted their price target 30% to €30.00 per share.

Taking a look at the bigger picture now, one of the ways we can understand these forecasts is to see how they compare to both past performance and industry growth estimates. The analyst is definitely expecting Groupe OKwind Société anonyme's growth to accelerate, with the forecast 180% annualised growth to the end of 2023 ranking favourably alongside historical growth of 30% per annum over the past year. By contrast, our data suggests that other companies (with analyst coverage) in a similar industry are forecast to grow their revenue at 4.4% per year. It seems obvious that, while the growth outlook is brighter than the recent past, the analyst also expect Groupe OKwind Société anonyme to grow faster than the wider industry.

The Bottom Line

The most important thing to take away from this upgrade is that the analyst upgraded their earnings per share estimates for this year, expecting improving business conditions. Fortunately, the analyst also upgraded their revenue estimates, and our data indicates sales are expected to perform better than the wider market. Given that the consensus looks almost universally bullish, with a substantial increase to forecasts and a higher price target, Groupe OKwind Société anonyme could be worth investigating further.

The covering analyst is clearly in love with Groupe OKwind Société anonyme at the moment, but before diving in - you should be aware that we've identified some warning flags with the business, such as its declining profit margins. For more information, you can click through to our platform to learn more about this and the 3 other risks we've identified .

Of course, seeing company management invest large sums of money in a stock can be just as useful as knowing whether analysts are upgrading their estimates. So you may also wish to search this free list of stocks 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.