One Analyst's Revenue Estimates For Belvoir Group PLC (LON:BLV) Are Surging Higher

Shareholders in Belvoir Group PLC (LON:BLV) may be thrilled to learn that the covering analyst has just delivered a major upgrade to their near-term forecasts. The revenue forecast for this year has experienced a facelift, with the analyst now much more optimistic on its sales pipeline.

Following the upgrade, the current consensus from Belvoir Group's lone analyst is for revenues of UK£27m in 2021 which - if met - would reflect a substantial 25% increase on its sales over the past 12 months. Prior to the latest estimates, the analyst was forecasting revenues of UK£23m in 2021. It looks like there's been a clear increase in optimism around Belvoir Group, given the decent improvement in revenue forecasts.

Check out our latest analysis for Belvoir Group

The consensus price target rose 17% to UK£3.34, with the analyst clearly more optimistic about Belvoir Group's prospects following this update.

These estimates are interesting, but it can be useful to paint some more broad strokes when seeing how forecasts compare, both to the Belvoir Group's past performance and to peers in the same industry. The period to the end of 2021 brings more of the same, according to the analyst, with revenue forecast to display 25% growth on an annualised basis. That is in line with its 21% annual growth over the past five years. Compare this with the broader industry (in aggregate), which analyst estimates suggest will see revenues fall 0.4% per year. So it's clear that not only is revenue growth expected to be maintained, but Belvoir Group is expected to grow meaningfully faster than the wider industry.

The Bottom Line

The most important thing to take away from this upgrade is that the analyst lifted their revenue estimates for this year. The analyst also expects revenues to perform better than the wider market. There was also a nice increase in the price target, with the analyst apparently feeling that the intrinsic value of the business is improving. Given that the analyst appears to be expecting substantial improvement in the sales pipeline, now could be the right time to take another look at Belvoir Group.

Better yet, our automated discounted cash flow calculation (DCF) suggests Belvoir Group could be moderately undervalued. For more information, you can click through to our platform to learn more about our valuation approach.

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.

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