Industry Analysts Just Upgraded Their BEWi ASA (OB:BEWI) Revenue Forecasts By 25%

Shareholders in BEWi ASA (OB:BEWI) may be thrilled to learn that the analysts have just delivered a major upgrade to their near-term forecasts. The analysts have sharply increased their revenue numbers, with a view that BEWi will make substantially more sales than they'd previously expected.

Following the upgrade, the current consensus from BEWi's dual analysts is for revenues of €1.1b in 2022 which - if met - would reflect a substantial 69% increase on its sales over the past 12 months. Per-share earnings are expected to bounce 33% to €0.34. Prior to this update, the analysts had been forecasting revenues of €907m and earnings per share (EPS) of €0.31 in 2022. The forecasts seem more optimistic now, with a sizeable gain to revenue and a small increase to earnings per share estimates.

See our latest analysis for BEWi

Another way we can view these estimates is in the context of the bigger picture, such as how the forecasts stack up against past performance, and whether forecasts are more or less bullish relative to other companies in the industry. The analysts are definitely expecting BEWi's growth to accelerate, with the forecast 69% annualised growth to the end of 2022 ranking favourably alongside historical growth of 27% per annum over the past five years. Compare this with other companies in the same industry, which are forecast to grow their revenue 3.6% annually. Factoring in the forecast acceleration in revenue, it's pretty clear that BEWi is expected to grow much faster than its industry.

The Bottom Line

The biggest takeaway for us from these new estimates is that analysts upgraded their earnings per share estimates, with improved earnings power expected for this year. Fortunately, analysts also upgraded their revenue estimates, and our data indicates sales are expected to perform better 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 BEWi.

These earnings upgrades look like a sterling endorsement, but before diving in - you should know that we've spotted 2 potential warning sign with BEWi, including dilutive stock issuance over the past year. For more information, you can click through to our platform to learn more about this and the 1 other warning sign we've identified .

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.