News Flash: Analysts Just Made A Stunning Upgrade To Their BASSAC Société anonyme (EPA:BASS) Forecasts

BASSAC Société anonyme (EPA:BASS) shareholders will have a reason to smile today, with the covering analyst making substantial upgrades to this year's statutory forecasts. 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 12% to €65.60 in the last 7 days. Could this upgrade be enough to drive the stock even higher?

After this upgrade, BASSAC Société anonyme's solitary analyst is now forecasting revenues of €1.6b in 2022. This would be a sizeable 30% improvement in sales compared to the last 12 months. Statutory earnings per share are supposed to decline 12% to €8.71 in the same period. Prior to this update, the analyst had been forecasting revenues of €1.1b and earnings per share (EPS) of €6.99 in 2022. 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 BASSAC Société anonyme

It will come as no surprise to learn that the analyst has increased their price target for BASSAC Société anonyme 7.6% to €85.00 on the back of these upgrades.

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 BASSAC Société anonyme's growth to accelerate, with the forecast 30% annualised growth to the end of 2022 ranking favourably alongside historical growth of 8.9% per annum over the past five years. By contrast, our data suggests that other companies (with analyst coverage) in a similar industry are forecast to grow their revenue at 8.3% per year. It seems obvious that, while the growth outlook is brighter than the recent past, the analyst also expect BASSAC 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. With a serious upgrade to expectations and a rising price target, it might be time to take another look at BASSAC Société anonyme.

Even so, the longer term trajectory of the business is much more important for the value creation of shareholders. We have analyst estimates for BASSAC Société anonyme going out as far as 2023, and you can see them free on our platform here.

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.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.

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.