Analysts' Revenue Estimates For Mytilineos S.A. (ATH:MYTIL) Are Surging Higher

Mytilineos S.A. (ATH:MYTIL) shareholders will have a reason to smile today, with the analysts making substantial upgrades to this year's statutory forecasts. The analysts have sharply increased their revenue numbers, with a view that Mytilineos will make substantially more sales than they'd previously expected.

Following the upgrade, the current consensus from Mytilineos' six analysts is for revenues of €3.8b in 2022 which - if met - would reflect a huge 41% increase on its sales over the past 12 months. Before the latest update, the analysts were foreseeing €3.0b of revenue in 2022. The consensus has definitely become more optimistic, showing a great increase in revenue forecasts.

Check out our latest analysis for Mytilineos

Taking a look at the bigger picture now, one of the ways we can understand these forecasts is to see how they compare to both past performance and industry growth estimates. It's clear from the latest estimates that Mytilineos' rate of growth is expected to accelerate meaningfully, with the forecast 41% annualised revenue growth to the end of 2022 noticeably faster than its historical growth of 12% p.a. over the past five years. Compare this with other companies in the same industry, which are forecast to grow their revenue 5.6% annually. Factoring in the forecast acceleration in revenue, it's pretty clear that Mytilineos is expected to grow much faster than its industry.

The Bottom Line

The highlight for us was that analysts increased their revenue forecasts for Mytilineos 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 Mytilineos.

Unsatisfied? We have analyst estimates for Mytilineos going out to 2024, and you can see them free on our platform here.

Another thing to consider is whether management and directors have been buying or selling stock recently. We provide an overview of all open market stock trades for the last twelve months on our platform, here.

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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.