New Forecasts: Here's What Analysts Think The Future Holds For Grupo Financiero Inbursa, S.A.B. de C.V. (BMV:GFINBURO)

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.

Following the upgrade, the latest consensus from Grupo Financiero Inbursa. de's seven analysts is for revenues of Mex$59b in 2024, which would reflect a solid 15% improvement in sales compared to the last 12 months. Statutory earnings per share are supposed to dip 6.0% to Mex$4.75 in the same period. Before this latest update, the analysts had been forecasting revenues of Mex$53b and earnings per share (EPS) of Mex$4.76 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.

See our latest analysis for Grupo Financiero Inbursa. de

It may not be a surprise to see that the analysts have reconfirmed their price target of Mex$38.72, implying that the uplift in sales is not expected to greatly contribute to Grupo Financiero Inbursa. de's valuation in the near term.

Looking at the bigger picture now, one of the ways we can make sense of these forecasts is to see how they measure up against both past performance and industry growth estimates. It's clear from the latest estimates that Grupo Financiero Inbursa. de's rate of growth is expected to accelerate meaningfully, with the forecast 12% annualised revenue growth to the end of 2024 noticeably faster than its historical growth of 7.6% 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 8.4% per year. 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 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. Seeing the dramatic upgrade to next 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 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.