Need To Know: Analysts Are Much More Bullish On BNP Paribas Bank Polska S.A. (WSE:BNP) Revenues

BNP Paribas Bank Polska S.A. (WSE:BNP) shareholders will have a reason to smile today, with the analysts making substantial upgrades to this year's statutory forecasts. The revenue forecast for this year has experienced a facelift, with analysts now much more optimistic on its sales pipeline.

After this upgrade, BNP Paribas Bank Polska's four analysts are now forecasting revenues of zł6.1b in 2023. This would be a meaningful 19% improvement in sales compared to the last 12 months. Prior to the latest estimates, the analysts were forecasting revenues of zł5.1b in 2023. The consensus has definitely become more optimistic, showing a nice gain to revenue forecasts.

See our latest analysis for BNP Paribas Bank Polska

We'd point out that there was no major changes to their price target of zł60.72, suggesting the latest estimates were not enough to shift their view on the value of the business. It could also be instructive to look at the range of analyst estimates, to evaluate how different the outlier opinions are from the mean. There are some variant perceptions on BNP Paribas Bank Polska, with the most bullish analyst valuing it at zł66.00 and the most bearish at zł57.10 per share. The narrow spread of estimates could suggest that the business' future is relatively easy to value, or that the analysts have a clear view on its prospects.

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 BNP Paribas Bank Polska's rate of growth is expected to accelerate meaningfully, with the forecast 19% annualised revenue growth to the end of 2023 noticeably faster than its historical growth of 16% p.a. over the past five years. Compare this with other companies in the same industry, which are forecast to grow their revenue 7.2% annually. It seems obvious that, while the growth outlook is brighter than the recent past, the analysts also expect BNP Paribas Bank Polska to grow faster than the wider industry.

The Bottom Line

The highlight for us was that analysts increased their revenue forecasts for BNP Paribas Bank Polska this year. They're also forecasting more rapid revenue growth than the wider market. Seeing the dramatic upgrade to this year's forecasts, it might be time to take another look at BNP Paribas Bank Polska.

Of course, there's always more to the story. We have analyst estimates for BNP Paribas Bank Polska going out to 2025, and you can see them 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.