News Flash: One Analyst Just Made A Captivating Upgrade To Their Toscana Aeroporti S.p.A. (BIT:TYA) Forecasts

Toscana Aeroporti S.p.A. (BIT:TYA) shareholders will have a reason to smile today, with the covering analyst making substantial upgrades to next year's forecasts. The consensus estimated revenue numbers rose, with their view now clearly much more bullish on the company's business prospects.

Following the upgrade, the current consensus from Toscana Aeroporti's single analyst is for revenues of €149m in 2023 which - if met - would reflect a huge 32% increase on its sales over the past 12 months. Prior to the latest estimates, the analyst was forecasting revenues of €119m in 2023. The consensus has definitely become more optimistic, showing a sizeable gain to revenue forecasts.

View our latest analysis for Toscana Aeroporti

One way to get more context on these forecasts is to look at how they compare to both past performance, and how other companies in the same industry are performing. For example, we noticed that Toscana Aeroporti's rate of growth is expected to accelerate meaningfully, with revenues forecast to exhibit 25% growth to the end of 2023 on an annualised basis. That is well above its historical decline of 13% a year over the past five years. By contrast, our data suggests that other companies (with analyst coverage) in the industry are forecast to see their revenue grow 5.9% per year. 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 most important thing to take away from this upgrade is that the analyst lifted their revenue estimates for next year. The analyst also expects revenues to grow faster than the wider market. Given that the analyst appears to be expecting substantial improvement in the sales pipeline, now could be the right time to take another look at Toscana Aeroporti.

Need some more information? We have estimates for Toscana Aeroporti until 2024 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.

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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.