Ice Fish Farm AS' (OB:IFISH) Sole Analyst Just Made A Stunning Upgrade To Their Forecasts

Ice Fish Farm AS (OB:IFISH) shareholders will have a reason to smile today, with the covering analyst making substantial upgrades to next year's forecasts. The analyst greatly increased their revenue estimates, suggesting a stark improvement in business fundamentals.

After the upgrade, the sole analyst covering Ice Fish Farm is now predicting revenues of kr1.0b in 2022. If met, this would reflect a substantial 212% improvement in sales compared to the last 12 months. Per-share earnings are expected to bounce 294% to kr1.47. Before this latest update, the analyst had been forecasting revenues of kr563m and earnings per share (EPS) of kr1.23 in 2022. So we can see there's been a pretty clear increase in analyst sentiment in recent times, with both revenues and earnings per share receiving a decent lift in the latest estimates.

Check out our latest analysis for Ice Fish Farm

Of course, another way to look at these forecasts is to place them into context against the industry itself. It's clear from the latest estimates that Ice Fish Farm's rate of growth is expected to accelerate meaningfully, with the forecast 148% annualised revenue growth to the end of 2022 noticeably faster than its historical growth of 12% p.a. over the past three years. Compare this with other companies in the same industry, which are forecast to grow their revenue 9.0% annually. Factoring in the forecast acceleration in revenue, it's pretty clear that Ice Fish Farm is expected to grow much faster than its industry.

The Bottom Line

The biggest takeaway for us from these new estimates is that the analyst upgraded their earnings per share estimates, with improved earnings power expected for next year. Fortunately, the analyst also upgraded their revenue estimates, and our data indicates sales are expected to perform better than the wider market. The clear improvement in sentiment should be enough to get most shareholders feeling more optimistic about Ice Fish Farm's future.

The covering analyst is definitely bullish on Ice Fish Farm, but no company is perfect. Indeed, you should know that there are several potential concerns to be aware of, including its declining profit margins. You can learn more, and discover the 1 other warning sign we've identified, 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.