Stock Analysis

The Motor Oil (Hellas) Corinth Refineries S.A. (ATH:MOH) Analysts Have Been Trimming Their Sales Forecasts

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One thing we could say about the analysts on Motor Oil (Hellas) Corinth Refineries S.A. (ATH:MOH) - they aren't optimistic, having just made a major negative revision to their near-term (statutory) forecasts for the organization. This report focused on revenue estimates, and it looks as though the consensus view of the business has become substantially more conservative.

Following the downgrade, the latest consensus from Motor Oil (Hellas) Corinth Refineries' five analysts is for revenues of €15b in 2022, which would reflect an okay 3.9% improvement in sales compared to the last 12 months. Prior to the latest estimates, the analysts were forecasting revenues of €16b in 2022. The consensus view seems to have become more pessimistic on Motor Oil (Hellas) Corinth Refineries, noting the substantial drop in revenue estimates in this update.

Check out our latest analysis for Motor Oil (Hellas) Corinth Refineries

ATSE:MOH Earnings and Revenue Growth October 16th 2022

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 7.9% annualised revenue growth to the end of 2022 noticeably faster than its historical growth of 4.7% p.a. over the past five years. Compare this with other companies in the same industry, which are forecast to see a revenue decline of 7.1% annually. It seems obvious that as part of the brighter growth outlook, Motor Oil (Hellas) Corinth Refineries is expected to grow faster than the wider industry.

The Bottom Line

The clear low-light was that analysts slashing their revenue forecasts for Motor Oil (Hellas) Corinth Refineries this year. They're also forecasting for revenues to perform better than companies in the wider market. Overall, given the drastic downgrade to this year's forecasts, we'd be feeling a little more wary of Motor Oil (Hellas) Corinth Refineries going forwards.

There might be good reason for analyst bearishness towards Motor Oil (Hellas) Corinth Refineries, like a weak balance sheet. Learn more, and discover the 2 other risks we've identified, for free on our platform here.

You can also see our analysis of Motor Oil (Hellas) Corinth Refineries' Board and CEO remuneration and experience, and whether company insiders have been buying stock.

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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.