Analysts Are Betting On Grupo Financiero Inbursa, S.A.B. de C.V. (BMV:GFINBURO) With A Big Upgrade This Week

Shareholders in Grupo Financiero Inbursa, S.A.B. de C.V. (BMV:GFINBURO) 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 Grupo Financiero Inbursa. de will make substantially more sales than they'd previously expected.

After this upgrade, Grupo Financiero Inbursa. de's five analysts are now forecasting revenues of Mex$70b in 2024. This would be a major 39% improvement in sales compared to the last 12 months. Statutory earnings per share are presumed to grow 12% to Mex$5.44. Prior to this update, the analysts had been forecasting revenues of Mex$58b and earnings per share (EPS) of Mex$5.31 in 2024. Sentiment certainly seems to have improved in recent times, with a very substantial lift in revenue and a small lift in earnings per share estimates.

View our latest analysis for Grupo Financiero Inbursa. de

With these upgrades, we're not surprised to see that the analysts have lifted their price target 7.6% to Mex$48.75 per share.

Of course, another way to look at these forecasts is to place them into context against the industry itself. The analysts are definitely expecting Grupo Financiero Inbursa. de's growth to accelerate, with the forecast 55% annualised growth to the end of 2024 ranking favourably alongside historical growth of 13% per annum over the past five years. Compare this with other companies in the same industry, which are forecast to grow their revenue 14% annually. It seems obvious that, while the growth outlook is brighter than the recent past, the analysts also expect Grupo Financiero Inbursa. de to grow faster than the wider industry.

The Bottom Line

The biggest takeaway for us from these new estimates is that analysts upgraded their earnings per share estimates, with improved earnings power expected for this year. They also upgraded their revenue estimates for this year, and sales are expected to grow faster than the wider market. There was also a nice increase in the price target, with analysts apparently feeling that the intrinsic value of the business is improving. Given that analysts appear to be expecting substantial improvement in the sales pipeline, now could be the right time to take another look at Grupo Financiero Inbursa. de.

Even so, the longer term trajectory of the business is much more important for the value creation of shareholders. We have estimates - from multiple Grupo Financiero Inbursa. de analysts - going out to 2026, 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.

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

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.