New Forecasts: Here's What Analysts Think The Future Holds For BuySell Technologies Co.,Ltd. (TSE:7685)

Shareholders in BuySell Technologies Co.,Ltd. (TSE:7685) may be thrilled to learn that the analysts have just delivered a major upgrade to their near-term forecasts. The analysts have sharply increased their revenue numbers, with a view that BuySell TechnologiesLtd will make substantially more sales than they'd previously expected.

After the upgrade, the four analysts covering BuySell TechnologiesLtd are now predicting revenues of JP¥55b in 2024. If met, this would reflect a sizeable 29% improvement in sales compared to the last 12 months. Statutory earnings per share are presumed to shoot up 34% to JP¥136. Previously, the analysts had been modelling revenues of JP¥48b and earnings per share (EPS) of JP¥137 in 2024. It seems analyst sentiment has certainly become more bullish on revenues, even though they haven't changed their view on earnings per share.

Check out our latest analysis for BuySell TechnologiesLtd

Even though revenue forecasts increased, there was no change to the consensus price target of JP¥4,167, suggesting the analysts are focused on earnings as the driver of value creation.

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. We can infer from the latest estimates that forecasts expect a continuation of BuySell TechnologiesLtd'shistorical trends, as the 29% annualised revenue growth to the end of 2024 is roughly in line with the 29% annual revenue growth over the past three years. Compare this with the broader industry, which analyst estimates (in aggregate) suggest will see revenues grow 5.5% annually. So although BuySell TechnologiesLtd is expected to maintain its revenue growth rate, it's definitely expected to grow faster than the wider industry.

The Bottom Line

The most obvious conclusion from this consensus update is that there's been no major change in the business' prospects in recent times, with analysts holding earnings per share steady, in line with previous estimates. Fortunately, analysts also upgraded their revenue estimates, and our data indicates sales are expected to perform better than the wider market. Given that analysts appear to be expecting substantial improvement in the sales pipeline, now could be the right time to take another look at BuySell TechnologiesLtd.

With that said, the long-term trajectory of the company's earnings is a lot more important than next year. At Simply Wall St, we have a full range of analyst estimates for BuySell TechnologiesLtd going out to 2026, 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.