Broker Revenue Forecasts For Arctic Fish Holding AS (OB:AFISH) Are Surging Higher

Celebrations may be in order for Arctic Fish Holding AS (OB:AFISH) shareholders, with the analysts delivering a significant upgrade to their statutory estimates for the company. The analysts have sharply increased their revenue numbers, with a view that Arctic Fish Holding will make substantially more sales than they'd previously expected.

Following the upgrade, the most recent consensus for Arctic Fish Holding from its two analysts is for revenues of kr993m in 2023 which, if met, would be a major 53% increase on its sales over the past 12 months. Before the latest update, the analysts were foreseeing kr897m of revenue in 2023. The consensus has definitely become more optimistic, showing a solid increase in revenue forecasts.

See our latest analysis for Arctic Fish Holding

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. We can infer from the latest estimates that forecasts expect a continuation of Arctic Fish Holding'shistorical trends, as the 41% annualised revenue growth to the end of 2023 is roughly in line with the 38% annual revenue growth over the past five years. Compare this with the broader industry, which analyst estimates (in aggregate) suggest will see revenues grow 6.3% annually. So although Arctic Fish Holding is expected to maintain its revenue growth rate, it's definitely expected 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 next 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 Arctic Fish Holding.

These earnings upgrades look like a sterling endorsement, but before diving in - you should know that we've spotted 4 potential risks with Arctic Fish Holding, including its declining profit margins. You can learn more, and discover the 2 other risks we've identified, 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.

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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.