Revenue Downgrade: Here's What Analysts Forecast For Pyrum Innovations AG (OB:PYRUM)

One thing we could say about the analysts on Pyrum Innovations AG (OB:PYRUM) - they aren't optimistic, having just made a major negative revision to their near-term (statutory) forecasts for the organization. There was a fairly draconian cut to their revenue estimates, perhaps an implicit admission that previous forecasts were much too optimistic.

Following the latest downgrade, the two analysts covering Pyrum Innovations provided consensus estimates of €2.0m revenue in 2023, which would reflect a painful 89% decline on its sales over the past 12 months. Before the latest update, the analysts were foreseeing €3.4m of revenue in 2023. It looks like forecasts have become a fair bit less optimistic on Pyrum Innovations, given the sizeable cut to revenue estimates.

See our latest analysis for Pyrum Innovations

Taking a look at the bigger picture now, one of the ways we can understand these forecasts is to see how they compare to both past performance and industry growth estimates. We would highlight that sales are expected to reverse, with a forecast 89% annualised revenue decline to the end of 2023. That is a notable change from historical growth of 401% over the last year. Compare this with our data, which suggests that other companies in the same industry are, in aggregate, expected to see their revenue grow 38% per year. It's pretty clear that Pyrum Innovations' revenues are expected to perform substantially worse than the wider industry.

The Bottom Line

The most important thing to take away is that analysts cut their revenue estimates for this year. They also expect company revenue to perform worse than the wider market. Overall, given the drastic downgrade to this year's forecasts, we'd be feeling a little more wary of Pyrum Innovations going forwards.

Want to learn more? We have estimates for Pyrum Innovations from its two analysts out until 2025, 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 downgrading 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.