News Flash: Analysts Just Made A Sizeable Upgrade To Their Industrias CH, S. A. B. de C. V. (BMV:ICHB) Forecasts

Shareholders in Industrias CH, S. A. B. de C. V. (BMV:ICHB) may be thrilled to learn that the analysts have just delivered a major upgrade to their near-term forecasts. The consensus estimated revenue numbers rose, with their view now clearly much more bullish on the company's business prospects.

After the upgrade, the twin analysts covering Industrias CH S. A. B. de C. V are now predicting revenues of Mex$47b in 2021. If met, this would reflect a meaningful 19% improvement in sales compared to the last 12 months. Before the latest update, the analysts were foreseeing Mex$40b of revenue in 2021. It looks like there's been a clear increase in optimism around Industrias CH S. A. B. de C. V, given the nice gain to revenue forecasts.

View our latest analysis for Industrias CH S. A. B. de C. V

Additionally, the consensus price target for Industrias CH S. A. B. de C. V increased 11% to Mex$86.25, showing a clear increase in optimism from the analysts involved. The consensus price target is just an average of individual analyst targets, so - it could be handy to see how wide the range of underlying estimates is. The most optimistic Industrias CH S. A. B. de C. V analyst has a price target of Mex$116 per share, while the most pessimistic values it at Mex$72.00. This shows there is still some diversity in estimates, but analysts don't appear to be totally split on the stock as though it might be a success or failure situation.

These estimates are interesting, but it can be useful to paint some more broad strokes when seeing how forecasts compare, both to the Industrias CH S. A. B. de C. V's past performance and to peers in the same industry. It's clear from the latest estimates that Industrias CH S. A. B. de C. V's rate of growth is expected to accelerate meaningfully, with the forecast 19% annualised revenue growth to the end of 2021 noticeably faster than its historical growth of 7.1% 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 3.6% per year. It seems obvious that, while the growth outlook is brighter than the recent past, the analysts also expect Industrias CH S. A. B. de C. V to grow faster than the wider industry.

The Bottom Line

The highlight for us was that analysts increased their revenue forecasts for Industrias CH S. A. B. de C. V this year. The analysts also expect revenues to grow faster than the wider market. There was also an increase in the price target, suggesting that there is more optimism baked into the forecasts than there was previously. Given that analysts appear to be expecting substantial improvement in the sales pipeline, now could be the right time to take another look at Industrias CH S. A. B. de C. V.

Want more information? We have analyst estimates for Industrias CH S. A. B. de C. V going out to 2023, 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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