Stock Analysis

New Forecasts: Here's What Analysts Think The Future Holds For Genfit S.A. (EPA:GNFT)

  •  Updated
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Genfit S.A. (EPA:GNFT) shareholders will have a reason to smile today, with the analysts making substantial upgrades to this year's statutory forecasts. The consensus estimated revenue numbers rose, with their view now clearly much more bullish on the company's business prospects.

Following the upgrade, the consensus from five analysts covering Genfit is for revenues of €18m in 2022, implying a painful 81% decline in sales compared to the last 12 months. Before the latest update, the analysts were foreseeing €15m of revenue in 2022. It looks like there's been a clear increase in optimism around Genfit, given the substantial gain in revenue forecasts.

Check out our latest analysis for Genfit

ENXTPA:GNFT Earnings and Revenue Growth September 30th 2022

Of course, another way to look at these forecasts is to place them into context against the industry itself. We would highlight that sales are expected to reverse, with a forecast 96% annualised revenue decline to the end of 2022. That is a notable change from historical growth of 51% over the last five years. By contrast, our data suggests that other companies (with analyst coverage) in the same industry are forecast to see their revenue grow 32% annually for the foreseeable future. So although its revenues are forecast to shrink, this cloud does not come with a silver lining - Genfit is expected to lag the wider industry.

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. Seeing the dramatic upgrade to this year's forecasts, it might be time to take another look at Genfit.

Still got questions? At least one of Genfit's five analysts has provided estimates out to 2024, which can be seen 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.

Valuation is complex, but we're helping make it simple.

Find out whether Genfit is potentially over or undervalued by checking out our comprehensive analysis, which includes fair value estimates, risks and warnings, dividends, insider transactions and financial health.

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Genfit S.A., a biopharmaceutical company, discovers and develops drug candidates and diagnostic solutions for metabolic and liver-related diseases.

The Snowflake is a visual investment summary with the score of each axis being calculated by 6 checks in 5 areas.

Analysis AreaScore (0-6)
Future Growth4
Past Performance4
Financial Health5

Read more about these checks in the individual report sections or in our analysis model.

Excellent balance sheet with proven track record.