Bullish: Analysts Just Made An Incredible Upgrade To Their Greenpanel Industries Limited (NSE:GREENPANEL) Forecasts

Shareholders in Greenpanel Industries Limited (NSE:GREENPANEL) may be thrilled to learn that the analysts have just delivered a major upgrade to their near-term forecasts. The analysts greatly increased their revenue estimates, suggesting a stark improvement in business fundamentals.

Following the upgrade, the most recent consensus for Greenpanel Industries from its three analysts is for revenues of ₹13b in 2022 which, if met, would be a substantial 47% increase on its sales over the past 12 months. Statutory earnings per share are presumed to soar 573% to ₹11.00. Prior to this update, the analysts had been forecasting revenues of ₹12b and earnings per share (EPS) of ₹7.75 in 2022. There has definitely been an improvement in perception recently, with the analysts substantially increasing both their earnings and revenue estimates.

See our latest analysis for Greenpanel Industries

These estimates are interesting, but it can be useful to paint some more broad strokes when seeing how forecasts compare, both to the Greenpanel Industries' past performance and to peers in the same industry. It's clear from the latest estimates that Greenpanel Industries' rate of growth is expected to accelerate meaningfully, with the forecast 47% revenue growth noticeably faster than its historical growth of 6.8% over the past year. Compare this with other companies in the same industry, which are forecast to grow their revenue 11% next year. It seems obvious that, while the growth outlook is brighter than the recent past, the analysts also expect Greenpanel Industries 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. They also upgraded their revenue estimates for next year, and sales are expected to grow faster than the wider market. The clear improvement in sentiment should be enough to get most shareholders feeling more optimistic about Greenpanel Industries' future.

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 Greenpanel Industries 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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