The Consensus Just Raised Its accesso Technology Group plc (LON:ACSO) Estimates For 2021

By
Simply Wall St
Published
May 21, 2021
AIM:ACSO
Source: Shutterstock

accesso Technology Group plc ( LON:ACSO ) shareholders will have a reason to smile today, with the analysts making substantial upgrades to this year's statutory forecasts. Consensus estimates suggest investors could expect increased statutory earnings per share, with analysts modelling a real improvement in business performance.

Check out our latest analysis for accesso Technology Group

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AIM:ACSO Earnings and Revenue Growth May 22nd 2021

We'd point out that there was no major changes to their price target of UK£7.26, suggesting the latest estimates were not enough to shift their view on the value of the business. There's another way to think about price targets though, and that's to look at the range of price targets put forward by analysts, because a wide range of estimates could suggest a diverse view on possible outcomes for the business. There are some variant perceptions on accesso Technology Group, with the most bullish analyst valuing it at UK£8.00 and the most bearish at UK£6.78 per share. With such a narrow range of valuations, analysts apparently share similar views on what they think the business is worth.

These estimates are interesting, but it can be useful to paint some more broad strokes when seeing how forecasts compare, both to the accesso Technology Group's past performance and to peers in the same industry. For example, we noticed that accesso Technology Group's rate of growth is expected to accelerate meaningfully, with revenues forecast to exhibit 30% growth to the end of 2021 on an annualised basis. That is well above its historical decline of 2.5% a year over the past five years. Compare this against analyst estimates for the broader industry, which suggest that (in aggregate) industry revenues are expected to grow 13% annually. So it looks like accesso Technology Group is expected to grow faster than its competitors, at least for a while.

The Bottom Line

The most important thing to take away is that analysts raised their revenue estimates for this year. Analysts also expect revenues to grow faster than the wider market.

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