Growth Investors: Industry Analysts Just Upgraded Their Lotte Chemical Titan Holding Berhad (KLSE:LCTITAN) Revenue Forecasts By 11%

Celebrations may be in order for Lotte Chemical Titan Holding Berhad (KLSE:LCTITAN) shareholders, with the analysts delivering a significant upgrade to their statutory estimates for the company. The consensus estimated revenue numbers rose, with their view now clearly much more bullish on the company's business prospects.

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Following the upgrade, the consensus from three analysts covering Lotte Chemical Titan Holding Berhad is for revenues of RM6.2b in 2025, implying an uncomfortable 13% decline in sales compared to the last 12 months. Prior to the latest estimates, the analysts were forecasting revenues of RM5.6b in 2025. It looks like there's been a clear increase in optimism around Lotte Chemical Titan Holding Berhad, given the substantial gain in revenue forecasts.

See our latest analysis for Lotte Chemical Titan Holding Berhad

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. Over the past five years, revenues have declined around 3.9% annually. Worse, forecasts are essentially predicting the decline to accelerate, with the estimate for an annualised 13% decline in revenue until the end of 2025. Compare this against analyst estimates for companies in the broader industry, which suggest that revenues (in aggregate) are expected to grow 4.6% annually. So it's pretty clear that, while it does have declining revenues, the analysts also expect Lotte Chemical Titan Holding Berhad to suffer worse than the wider industry.

The Bottom Line

The highlight for us was that analysts increased their revenue forecasts for Lotte Chemical Titan Holding Berhad this year. They also expect company revenue to perform worse than the wider market. Given that analysts appear to be expecting substantial improvement in the sales pipeline, now could be the right time to take another look at Lotte Chemical Titan Holding Berhad.

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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.