New Forecasts: Here's What Analysts Think The Future Holds For Fugro N.V. (AMS:FUR)

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

Following the upgrade, the current consensus from Fugro's two analysts is for revenues of €2.5b in 2023 which - if met - would reflect a substantial 43% increase on its sales over the past 12 months. Before the latest update, the analysts were foreseeing €2.1b of revenue in 2023. The consensus has definitely become more optimistic, showing a solid increase in revenue forecasts.

Check out our latest analysis for Fugro

One way to get more context on these forecasts is to look at how they compare to both past performance, and how other companies in the same industry are performing. It's clear from the latest estimates that Fugro's rate of growth is expected to accelerate meaningfully, with the forecast 43% annualised revenue growth to the end of 2023 noticeably faster than its historical growth of 0.7% 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 2.7% per year. Factoring in the forecast acceleration in revenue, it's pretty clear that Fugro is expected to grow much faster than its 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 Fugro.

But wait - there's more! At least one of Fugro's two analysts has provided estimates out to 2025, which can be seen for 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.