Broker Revenue Forecasts For Etablissements Maurel & Prom S.A. (EPA:MAU) Are Surging Higher

Celebrations may be in order for Etablissements Maurel & Prom S.A. (EPA:MAU) shareholders, with the analysts delivering a significant upgrade to their statutory estimates for the company. The revenue forecast for this year has experienced a facelift, with the analysts now much more optimistic on its sales pipeline.

After this upgrade, Etablissements Maurel & Prom's four analysts are now forecasting revenues of US$701m in 2023. This would be a notable 13% improvement in sales compared to the last 12 months. Prior to the latest estimates, the analysts were forecasting revenues of US$633m in 2023. The consensus has definitely become more optimistic, showing a nice increase in revenue forecasts.

View our latest analysis for Etablissements Maurel & Prom

Another way we can view these estimates is in the context of the bigger picture, such as how the forecasts stack up against past performance, and whether forecasts are more or less bullish relative to other companies in the industry. It's clear from the latest estimates that Etablissements Maurel & Prom's rate of growth is expected to accelerate meaningfully, with the forecast 28% annualised revenue growth to the end of 2023 noticeably faster than its historical growth of 9.6% p.a. over the past five years. By contrast, our data suggests that other companies (with analyst coverage) in the same industry are forecast to see their revenue shrink 2.1% per year. So it's clear with the acceleration in growth, Etablissements Maurel & Prom is expected to grow meaningfully faster than the wider industry.

The Bottom Line

The highlight for us was that analysts increased their revenue forecasts for Etablissements Maurel & Prom this year. The analysts also expect revenues to perform better than the wider market. Seeing the dramatic upgrade to this year's forecasts, it might be time to take another look at Etablissements Maurel & Prom.

These earnings upgrades look like a sterling endorsement, but before diving in - you should know that we've spotted 3 potential flags with Etablissements Maurel & Prom, including its declining profit margins. You can learn more, and discover the 2 other flags we've identified, for free on our platform here.

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.