Analysts' Revenue Estimates For MOL Magyar Olaj- és Gázipari Nyilvánosan Muködo Részvénytársaság (BUSE:MOL) Are Surging Higher

MOL Magyar Olaj- és Gázipari Nyilvánosan Muködo Részvénytársaság (BUSE:MOL) shareholders will have a reason to smile today, with the analysts making substantial upgrades to this year's forecasts. The analysts have sharply increased their revenue numbers, with a view that MOL Magyar Olaj- és Gázipari Nyilvánosan Muködo Részvénytársaság will make substantially more sales than they'd previously expected.

Following the upgrade, the latest consensus from MOL Magyar Olaj- és Gázipari Nyilvánosan Muködo Részvénytársaság's nine analysts is for revenues of Ft11t in 2023, which would reflect a notable 16% improvement in sales compared to the last 12 months. Statutory earnings per share are supposed to plummet 45% to Ft697 in the same period. Prior to this update, the analysts had been forecasting revenues of Ft8.6t and earnings per share (EPS) of Ft700 in 2023. There's clearly been a surge in bullishness around the company's sales pipeline, even if there's no real change in earnings per share forecasts.

View our latest analysis for MOL Magyar Olaj- és Gázipari Nyilvánosan Muködo Részvénytársaság

It may not be a surprise to see that the analysts have reconfirmed their price target of Ft3,272, implying that the uplift in sales is not expected to greatly contribute to MOL Magyar Olaj- és Gázipari Nyilvánosan Muködo Részvénytársaság's valuation in the near term. There's another way to think about price targets though, and that's to look at the range of price targets put forward by analysts, because a wide range of estimates could suggest a diverse view on possible outcomes for the business. The most optimistic MOL Magyar Olaj- és Gázipari Nyilvánosan Muködo Részvénytársaság analyst has a price target of Ft4,200 per share, while the most pessimistic values it at Ft2,608. There are definitely some different views on the stock, but the range of estimates is not wide enough as to imply that the situation is unforecastable, in our view.

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. The analysts are definitely expecting MOL Magyar Olaj- és Gázipari Nyilvánosan Muködo Részvénytársaság's growth to accelerate, with the forecast 16% annualised growth to the end of 2023 ranking favourably alongside historical growth of 10% per annum over the past five years. Compare this with other companies in the same industry, which are forecast to see a revenue decline of 7.4% annually. So it's clear with the acceleration in growth, MOL Magyar Olaj- és Gázipari Nyilvánosan Muködo Részvénytársaság is expected to grow meaningfully faster than the wider industry.

The Bottom Line

The most important thing to take away is that there's been no major change in sentiment, with analysts reconfirming that earnings per share are expected to continue performing in line with their prior expectations. On the plus side, they also lifted their revenue estimates, and the company is expected to perform better than the wider market. Given that analysts appear to be expecting substantial improvement in the sales pipeline, now could be the right time to take another look at MOL Magyar Olaj- és Gázipari Nyilvánosan Muködo Részvénytársaság.

Using these estimates as a starting point, we've run a discounted cash flow calculation (DCF) on MOL Magyar Olaj- és Gázipari Nyilvánosan Muködo Részvénytársaság that suggests the company could be somewhat undervalued. For more information, you can click through to our platform to learn more about our valuation approach.

Of course, seeing company management invest large sums of money in a stock can be just as useful as knowing whether analysts are upgrading their estimates. So you may also wish to search this free list of stocks 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.