eVISO S.p.A. (BIT:EVS) shareholders will have a reason to smile today, with the covering analyst making substantial upgrades to this year's forecasts. The revenue forecast for this year has experienced a facelift, with the analyst now much more optimistic on its sales pipeline.
After this upgrade, eVISO's lone analyst is now forecasting revenues of €351m in 2023. This would be a major 68% improvement in sales compared to the last 12 months. Losses are expected to turn into profits real soon, with the analyst forecasting €0.12 in per-share earnings. Previously, the analyst had been modelling revenues of €241m and earnings per share (EPS) of €0.11 in 2023. The forecasts seem more optimistic now, with a considerable lift to revenue and a small increase to earnings per share estimates.
See our latest analysis for eVISO
Of course, another way to look at these forecasts is to place them into context against the industry itself. It's clear from the latest estimates that eVISO's rate of growth is expected to accelerate meaningfully, with the forecast 68% annualised revenue growth to the end of 2023 noticeably faster than its historical growth of 36% p.a. 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 1.0% per year. Factoring in the forecast acceleration in revenue, it's pretty clear that eVISO 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. Fortunately, the analyst also upgraded their revenue estimates, and our data indicates sales are expected to perform better 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 eVISO.
Still, the long-term prospects of the business are much more relevant than next year's earnings. At least one analyst has provided forecasts out to 2025, which can be seen for 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.
About BIT:EVISO
eVISO
Develops a platform of artificial intelligence in the physical commodities market in Italy.
Flawless balance sheet with high growth potential.
