New Forecasts: Here's What Analysts Think The Future Holds For JHM Consolidation Berhad (KLSE:JHM)

JHM Consolidation Berhad (KLSE:JHM) shareholders will have a reason to smile today, with the analysts making substantial upgrades to this year's statutory forecasts. The analysts have sharply increased their revenue numbers, with a view that JHM Consolidation Berhad will make substantially more sales than they'd previously expected.

After the upgrade, the three analysts covering JHM Consolidation Berhad are now predicting revenues of RM411m in 2021. If met, this would reflect a huge 64% improvement in sales compared to the last 12 months. Prior to the latest estimates, the analysts were forecasting revenues of RM340m in 2021. The consensus has definitely become more optimistic, showing a chunky increase in revenue forecasts.

See our latest analysis for JHM Consolidation Berhad

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. The analysts are definitely expecting JHM Consolidation Berhad's growth to accelerate, with the forecast 64% annualised growth to the end of 2021 ranking favourably alongside historical growth of 8.9% per annum over the past five years. Compare this with other companies in the same industry, which are forecast to grow their revenue 14% annually. It seems obvious that, while the growth outlook is brighter than the recent past, the analysts also expect JHM Consolidation Berhad to grow faster than the wider industry.

The Bottom Line

The most important thing to take away from this upgrade is that analysts lifted their revenue estimates for this year. They're also forecasting more rapid revenue growth 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 JHM Consolidation Berhad.

Unsatisfied? We have analyst estimates for JHM Consolidation Berhad going out to 2023, and you can see them free on our platform here.

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