This Analyst Just Made A Huge Upgrade To Their Moulinvest SA (EPA:ALMOU) Earnings Forecasts

Celebrations may be in order for Moulinvest SA (EPA:ALMOU) 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. The market may be pricing in some blue sky too, with the share price gaining 28% to €23.00 in the last 7 days. It will be interesting to see if today's upgrade is enough to propel the stock even higher.

Following the upgrade, the most recent consensus for Moulinvest from its single analyst is for revenues of €90m in 2021 which, if met, would be a sizeable 36% increase on its sales over the past 12 months. Statutory earnings per share are presumed to surge 133% to €2.89. Before this latest update, the analyst had been forecasting revenues of €71m and earnings per share (EPS) of €0.95 in 2021. So we can see there's been a pretty clear increase in analyst sentiment in recent times, with both revenues and earnings per share receiving a decent lift in the latest estimates.

Check out our latest analysis for Moulinvest

With these upgrades, we're not surprised to see that the analyst has lifted their price target 148% to €25.00 per share.

One way to get more context on these forecasts is to look at how they compare to both past performance, and how other companies in the same industry are performing. The analyst is definitely expecting Moulinvest's growth to accelerate, with the forecast 36% annualised growth to the end of 2021 ranking favourably alongside historical growth of 3.3% 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 3.1% per year. It seems obvious that, while the growth outlook is brighter than the recent past, the analyst also expect Moulinvest to grow faster than the wider industry.

The Bottom Line

The biggest takeaway for us from these new estimates is that the analyst upgraded their earnings per share estimates, with improved earnings power expected for this year. Fortunately, the analyst also upgraded their revenue estimates, and our data indicates sales are expected to perform better than the wider market. With a serious upgrade to expectations and a rising price target, it might be time to take another look at Moulinvest.

Still, the long-term prospects of the business are much more relevant than next year's earnings. We have analyst estimates for Moulinvest going out as far as 2023, and you can see them free on our platform here.

We also provide an overview of the Moulinvest Board and CEO remuneration and length of tenure at the company, and whether insiders have been buying the stock, here.

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