Analysts' Revenue Estimates For Grupo Financiero Inbursa, S.A.B. de C.V. (BMV:GFINBURO) Are Surging Higher

Grupo Financiero Inbursa, S.A.B. de C.V. (BMV:GFINBURO) shareholders will have a reason to smile today, with the analysts making substantial upgrades to this year's 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.

Following the upgrade, the most recent consensus for Grupo Financiero Inbursa. de from its five analysts is for revenues of Mex$63b in 2024 which, if met, would be a meaningful 15% increase on its sales over the past 12 months. Statutory earnings per share are presumed to increase 3.5% to Mex$5.62. Prior to this update, the analysts had been forecasting revenues of Mex$60b and earnings per share (EPS) of Mex$5.40 in 2024. So there seems to have been a moderate uplift in analyst sentiment with the latest consensus release, given the upgrades to both revenue and earnings per share forecasts for this year.

See our latest analysis for Grupo Financiero Inbursa. de

Although the analysts have upgraded their earnings estimates, there was no change to the consensus price target of Mex$46.75, suggesting that the forecast performance does not have a long term impact on the company's valuation.

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 Grupo Financiero Inbursa. de's rate of growth is expected to accelerate meaningfully, with the forecast 32% annualised revenue growth to the end of 2024 noticeably faster than its historical growth of 15% 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 12% per year. Factoring in the forecast acceleration in revenue, it's pretty clear that Grupo Financiero Inbursa. de is expected to grow much faster than its 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. Fortunately, analysts also upgraded their revenue estimates, and our data indicates sales are expected to perform better than the wider market. Seeing the dramatic upgrade to this year's forecasts, it might be time to take another look at Grupo Financiero Inbursa. de.

With that said, the long-term trajectory of the company's earnings is a lot more important than next year. We have estimates - from multiple Grupo Financiero Inbursa. de analysts - 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 with high insider ownership.

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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.

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