Need To Know: Analysts Are Much More Bullish On Aegis Logistics Limited (NSE:AEGISCHEM) Revenues

Celebrations may be in order for Aegis Logistics Limited (NSE:AEGISCHEM) shareholders, with the analysts delivering a significant upgrade to their statutory estimates for the company. The consensus estimated revenue numbers rose, with their view now clearly much more bullish on the company's business prospects. The market may be pricing in some blue sky too, with the share price gaining 13% to ₹322 in the last 7 days. Could this upgrade be enough to drive the stock even higher?

After the upgrade, the four analysts covering Aegis Logistics are now predicting revenues of ₹64b in 2022. If met, this would reflect a substantial 57% improvement in sales compared to the last 12 months. Losses are expected to turn into profits real soon, with the analysts forecasting ₹11.60 in per-share earnings. Previously, the analysts had been modelling revenues of ₹57b and earnings per share (EPS) of ₹11.36 in 2022. Sentiment certainly seems to have improved in recent times, with a nice gain to revenue and a modest lift to earnings per share estimates.

Check out our latest analysis for Aegis Logistics

Looking at the bigger picture now, one of the ways we can make sense of these forecasts is to see how they measure up against both past performance and industry growth estimates. The analysts are definitely expecting Aegis Logistics' growth to accelerate, with the forecast 43% annualised growth to the end of 2022 ranking favourably alongside historical growth of 18% per annum 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 18% per year. It seems obvious that, while the growth outlook is brighter than the recent past, the analysts also expect Aegis Logistics to grow faster than the wider industry.

The Bottom Line

The most important thing to take away from this upgrade is that analysts upgraded their earnings per share estimates for next year, expecting improving business conditions. Fortunately, analysts also upgraded their revenue estimates, and our data indicates sales are expected to perform better than the wider market. Seeing the dramatic upgrade to next year's forecasts, it might be time to take another look at Aegis Logistics.

Still, the long-term prospects of the business are much more relevant than next year's earnings. At Simply Wall St, we have a full range of analyst estimates for Aegis Logistics going out to 2023, and you can see them free on our platform here..

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. 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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