Need To Know: One Analyst Is Much More Bullish On Toscana Aeroporti S.p.A. (BIT:TYA) Revenues

Shareholders in Toscana Aeroporti S.p.A. (BIT:TYA) may be thrilled to learn that the covering analyst has just delivered a major upgrade to their near-term forecasts. The revenue forecast for next year has experienced a facelift, with the analyst now much more optimistic on its sales pipeline.

Following the upgrade, the most recent consensus for Toscana Aeroporti from its solitary analyst is for revenues of €86m in 2021 which, if met, would be a sizeable 23% increase on its sales over the past 12 months. Before the latest update, the analyst was foreseeing €61m of revenue in 2021. It looks like there's been a clear increase in optimism around Toscana Aeroporti, given the sizeable gain to revenue forecasts.

Check out our latest analysis for Toscana Aeroporti

Of course, another way to look at these forecasts is to place them into context against the industry itself. For example, we noticed that Toscana Aeroporti's rate of growth is expected to accelerate meaningfully, with revenues forecast to exhibit 18% growth to the end of 2021 on an annualised basis. That is well above its historical decline of 3.1% a year over the past five years. Compare this against analyst estimates for the broader industry, which suggest that (in aggregate) industry revenues are expected to grow 7.8% annually. Not only are Toscana Aeroporti's revenues expected to improve, it seems that the analyst is also expecting it to grow faster than the wider industry.

The Bottom Line

The highlight for us was that the analyst increased their revenue forecasts for Toscana Aeroporti next year. They're also forecasting more rapid revenue growth than the wider market. Seeing the dramatic upgrade to next year's forecasts, it might be time to take another look at Toscana Aeroporti.

Looking to learn more? We have estimates for Toscana Aeroporti until 2022 from one covering analyst, and you can see them free on our platform here.

Another way to search for interesting companies that could be reaching an inflection point is to track whether management are buying or selling, with our free list of growing companies that insiders are buying.

When trading Toscana Aeroporti or any other investment, use the platform considered by many to be the Professional's Gateway to the Worlds Market, Interactive Brokers. You get the lowest-cost* trading on stocks, options, futures, forex, bonds and funds worldwide from a single integrated account. Promoted

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.
^*Interactive Brokers Rated Lowest Cost Broker by StockBrokers.com Annual Online Review 2020

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.