Need To Know: Analysts Are Much More Bullish On NWF Group plc (LON:NWF) Revenues

NWF Group plc (LON:NWF) 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 the analysts now much more optimistic on its sales pipeline.

Following the upgrade, the latest consensus from NWF Group's two analysts is for revenues of UK£842m in 2022, which would reflect a substantial 25% improvement in sales compared to the last 12 months. Before the latest update, the analysts were foreseeing UK£699m of revenue in 2022. The consensus has definitely become more optimistic, showing a great increase in revenue forecasts.

View our latest analysis for NWF Group

These estimates are interesting, but it can be useful to paint some more broad strokes when seeing how forecasts compare, both to the NWF Group's past performance and to peers in the same industry. It's clear from the latest estimates that NWF Group's rate of growth is expected to accelerate meaningfully, with the forecast 25% annualised revenue growth to the end of 2022 noticeably faster than its historical growth of 6.8% p.a. over the past five years. Compare this with other companies in the same industry, which are forecast to grow their revenue 2.7% annually. Factoring in the forecast acceleration in revenue, it's pretty clear that NWF Group is expected to grow much faster than its industry.

The Bottom Line

The highlight for us was that analysts increased their revenue forecasts for NWF Group this year. They're also forecasting more rapid revenue growth than the wider market. Given that analysts appear to be expecting substantial improvement in the sales pipeline, now could be the right time to take another look at NWF Group.

But wait - there's more! At least one of NWF Group's two analysts has provided estimates out to 2024, which can be seen for 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.