Upgrade: Analysts Just Made A Notable Increase To Their Infibeam Avenues Limited (NSE:INFIBEAM) Forecasts

Shareholders in Infibeam Avenues Limited (NSE:INFIBEAM) may be thrilled to learn that the covering analyst has just delivered a major upgrade to their near-term forecasts. Consensus estimates suggest investors could expect greatly increased statutory revenues and earnings per share, with the analyst modelling a real improvement in business performance.

Following the upgrade, the most recent consensus for Infibeam Avenues from its solitary analyst is for revenues of ₹22b in 2023 which, if met, would be a huge 45% increase on its sales over the past 12 months. Per-share earnings are expected to soar 25% to ₹0.45. Previously, the analyst had been modelling revenues of ₹17b and earnings per share (EPS) of ₹0.39 in 2023. So we can see there's been a pretty clear increase in analyst sentiment in recent times, with both revenues and earnings per share receiving a decent lift in the latest estimates.

View our latest analysis for Infibeam Avenues

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 analyst is definitely expecting Infibeam Avenues' growth to accelerate, with the forecast 45% annualised growth to the end of 2023 ranking favourably alongside historical growth of 7.4% 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 10% per year. Factoring in the forecast acceleration in revenue, it's pretty clear that Infibeam Avenues is expected to grow much faster than its industry.

The Bottom Line

The most important thing to take away from this upgrade is that the analyst upgraded their earnings per share estimates for this year, expecting improving business conditions. They also upgraded their revenue estimates for this year, and sales are expected to grow faster than the wider market. With a serious upgrade to expectations, it might be time to take another look at Infibeam Avenues.

With that said, the long-term trajectory of the company's earnings is a lot more important than next year. We have analyst estimates for Infibeam Avenues going out as far as 2024, 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. 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.