New Forecasts: Here's What Analysts Think The Future Holds For Public Power Corporation S.A. (ATH:PPC)

Public Power Corporation S.A. (ATH:PPC) shareholders will have a reason to smile today, with the analysts making substantial upgrades to this year's statutory forecasts. The revenue forecast for this year has experienced a facelift, with the analysts now much more optimistic on its sales pipeline.

After the upgrade, the three analysts covering Public Power are now predicting revenues of €9.8b in 2024. If met, this would reflect a substantial 20% improvement in sales compared to the last 12 months. Before the latest update, the analysts were foreseeing €7.8b of revenue in 2024. The consensus has definitely become more optimistic, showing a chunky increase in revenue forecasts.

See our latest analysis for Public Power

These estimates are interesting, but it can be useful to paint some more broad strokes when seeing how forecasts compare, both to the Public Power's past performance and to peers in the same industry. It's clear from the latest estimates that Public Power's rate of growth is expected to accelerate meaningfully, with the forecast 45% annualised revenue growth to the end of 2024 noticeably faster than its historical growth of 17% 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 1.2% per year. It seems obvious that, while the growth outlook is brighter than the recent past, the analysts also expect Public Power to grow faster than the wider industry.

The Bottom Line

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

Need some more information? We have analyst estimates for Public Power going out to 2026, 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.