Broker Revenue Forecasts For Lucas Bols N.V. (AMS:BOLS) Are Surging Higher

Published
June 02, 2022
ENXTAM:BOLS
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Shareholders in Lucas Bols N.V. (AMS:BOLS) may be thrilled to learn that the covering analyst has just delivered a major upgrade to their near-term forecasts. The analyst has sharply increased their revenue numbers, with a view that Lucas Bols will make substantially more sales than they'd previously expected.

After this upgrade, Lucas Bols' lone analyst is now forecasting revenues of €98m in 2023. This would be a satisfactory 6.5% improvement in sales compared to the last 12 months. Per-share earnings are expected to jump 40% to €1.10. Previously, the analyst had been modelling revenues of €88m and earnings per share (EPS) of €0.83 in 2023. There has definitely been an improvement in perception recently, with the analyst substantially increasing both their earnings and revenue estimates.

Check out our latest analysis for Lucas Bols

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ENXTAM:BOLS Earnings and Revenue Growth June 2nd 2022

Of course, another way to look at these forecasts is to place them into context against the industry itself. For example, we noticed that Lucas Bols' rate of growth is expected to accelerate meaningfully, with revenues forecast to exhibit 6.5% growth to the end of 2023 on an annualised basis. That is well above its historical decline of 4.3% a year over the past five years. By contrast, our data suggests that other companies (with analyst coverage) in a similar industry are forecast to see their revenue grow 6.1% per year. So it looks like Lucas Bols is expected to grow at about the same rate as the wider industry.

The Bottom Line

The most important thing to take away from this upgrade is that the analyst upgraded their earnings per share estimates for this year, expecting improving business conditions. There was also an upgrade to revenue estimates, although as we saw earlier, forecast growth is only expected to be about the same as the wider market. Given that the analyst appears to be expecting substantial improvement in the sales pipeline, now could be the right time to take another look at Lucas Bols.

Still, the long-term prospects of the business are much more relevant than next year's earnings. At least one analyst has provided forecasts out to 2024, which can be seen for 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.

Valuation is complex, but we're helping make it simple.

Find out whether Lucas Bols is potentially over or undervalued by checking out our comprehensive analysis, which includes fair value estimates, risks and warnings, dividends, insider transactions and financial health.

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