Analysts' Revenue Estimates For Ocean Wilsons Holdings Limited (LON:OCN) Are Surging Higher

Ocean Wilsons Holdings Limited (LON:OCN) shareholders will have a reason to smile today, with the analysts making substantial upgrades to this year's 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 most recent consensus for Ocean Wilsons Holdings from its twin analysts is for revenues of US$415m in 2022 which, if met, would be a reasonable 4.7% increase on its sales over the past 12 months. Prior to the latest estimates, the analysts were forecasting revenues of US$377m in 2022. The consensus has definitely become more optimistic, showing a nice increase in revenue forecasts.

View our latest analysis for Ocean Wilsons Holdings

Another way we can view these estimates is in the context of the bigger picture, such as how the forecasts stack up against past performance, and whether forecasts are more or less bullish relative to other companies in the industry. For example, we noticed that Ocean Wilsons Holdings' rate of growth is expected to accelerate meaningfully, with revenues forecast to exhibit 4.7% growth to the end of 2022 on an annualised basis. That is well above its historical decline of 6.8% a year over the past five years. By contrast, our data suggests that other companies (with analyst coverage) in the industry are forecast to see their revenue grow 2.6% per year. Not only are Ocean Wilsons Holdings' revenues expected to improve, it seems that the analysts are also expecting it to grow faster than the wider industry.

The Bottom Line

The most important thing to take away from this upgrade is that analysts lifted their revenue estimates for this year. They're also forecasting more rapid revenue growth than the wider market. Seeing the dramatic upgrade to this year's forecasts, it might be time to take another look at Ocean Wilsons Holdings.

Hungry for more information? At least one of Ocean Wilsons Holdings' twin 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.