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

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 statutory forecasts. The consensus estimated revenue numbers rose, with their view now clearly much more bullish on the company's business prospects.

After this upgrade, Grupo Financiero Inbursa. de's six analysts are now forecasting revenues of Mex$65b in 2024. This would be a major 26% improvement in sales compared to the last 12 months. Statutory earnings per share are presumed to increase 3.2% to Mex$5.24. Prior to this update, the analysts had been forecasting revenues of Mex$57b and earnings per share (EPS) of Mex$5.26 in 2024. There's clearly been a surge in bullishness around the company's sales pipeline, even if there's no real change in earnings per share forecasts.

See our latest analysis for Grupo Financiero Inbursa. de

Even though revenue forecasts increased, there was no change to the consensus price target of Mex$43.85, suggesting the analysts are focused on earnings as the driver of value creation.

Another way we can view these estimates is in the context of the bigger picture, such as how the forecasts stack up against past performance, and whether forecasts are more or less bullish relative to other companies in the industry. The analysts are definitely expecting Grupo Financiero Inbursa. de's growth to accelerate, with the forecast 26% annualised growth to the end of 2024 ranking favourably alongside historical growth of 11% per annum 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 15% 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 important thing to take away is that there's been no major change in sentiment, with analysts reconfirming that earnings per share are expected to continue performing in line with their prior expectations. They also upgraded their revenue estimates for this year, and sales are expected to grow faster 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. At Simply Wall St, we have a full range of analyst estimates for Grupo Financiero Inbursa. de 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.

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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.