Growth Investors: Industry Analysts Just Upgraded Their Getlink SE (EPA:GET) Revenue Forecasts By 22%

Getlink SE (EPA:GET) shareholders will have a reason to smile today, with the analysts making substantial upgrades to this year's statutory forecasts. The revenue forecast for this year has experienced a facelift, with analysts now much more optimistic on its sales pipeline.

Following the upgrade, the most recent consensus for Getlink from its twelve analysts is for revenues of €1.4b in 2022 which, if met, would be a huge 84% increase on its sales over the past 12 months. Before the latest update, the analysts were foreseeing €1.2b of revenue in 2022. The consensus has definitely become more optimistic, showing a chunky increase in revenue forecasts.

Check out our latest analysis for Getlink

We'd point out that there was no major changes to their price target of €16.72, suggesting the latest estimates were not enough to shift their view on the value of the business. The consensus price target is just an average of individual analyst targets, so - it could be handy to see how wide the range of underlying estimates is. Currently, the most bullish analyst values Getlink at €20.00 per share, while the most bearish prices it at €8.00. Note the wide gap in analyst price targets? This implies to us that there is a fairly broad range of possible scenarios for the underlying business.

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. For example, we noticed that Getlink's rate of growth is expected to accelerate meaningfully, with revenues forecast to exhibit 239% growth to the end of 2022 on an annualised basis. That is well above its historical decline of 5.1% a year over the past year. Compare this against analyst estimates for the broader industry, which suggest that (in aggregate) industry revenues are expected to grow 11% annually. So it looks like Getlink is expected to grow faster than its competitors, at least for a while.

The Bottom Line

The highlight for us was that analysts increased their revenue forecasts for Getlink this year. Analysts also expect revenues to grow faster than the wider market. Seeing the dramatic upgrade to this year's forecasts, it might be time to take another look at Getlink.

Looking to learn more? We have analyst estimates for Getlink going out to 2024, 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.

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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.