Stock Analysis

Industry Analysts Just Made A Sizeable Upgrade To Their Motor Oil (Hellas) Corinth Refineries S.A. (ATH:MOH) Revenue Forecasts

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Shareholders in Motor Oil (Hellas) Corinth Refineries S.A. (ATH:MOH) may be thrilled to learn that the analysts have just delivered a major upgrade to their near-term forecasts. The analysts have sharply increased their revenue numbers, with a view that Motor Oil (Hellas) Corinth Refineries will make substantially more sales than they'd previously expected.

After this upgrade, Motor Oil (Hellas) Corinth Refineries' six analysts are now forecasting revenues of €9.5b in 2022. This would be a meaningful 8.6% improvement in sales compared to the last 12 months. Prior to the latest estimates, the analysts were forecasting revenues of €8.5b in 2022. The consensus has definitely become more optimistic, showing a solid increase in revenue forecasts.

View our latest analysis for Motor Oil (Hellas) Corinth Refineries

ATSE:MOH Earnings and Revenue Growth November 29th 2021

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. It's clear from the latest estimates that Motor Oil (Hellas) Corinth Refineries' rate of growth is expected to accelerate meaningfully, with the forecast 6.8% annualised revenue growth to the end of 2022 noticeably faster than its historical growth of 1.5% p.a. over the past five years. By contrast, our data suggests that other companies (with analyst coverage) in a similar industry are forecast to grow their revenue at 1.3% per year. It seems obvious that, while the growth outlook is brighter than the recent past, the analysts also expect Motor Oil (Hellas) Corinth Refineries 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 next year. They're also forecasting more rapid revenue growth than the wider market. Seeing the dramatic upgrade to next year's forecasts, it might be time to take another look at Motor Oil (Hellas) Corinth Refineries.

Looking to learn more? At least one of Motor Oil (Hellas) Corinth Refineries' six analysts has provided estimates out to 2023, which can be seen for free on our platform here.

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Find out whether Motor Oil (Hellas) Corinth Refineries is potentially over or undervalued by checking out our comprehensive analysis, which includes fair value estimates, risks and warnings, dividends, insider transactions and financial health.

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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.

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