Brokers Are Upgrading Their Views On Grupa Azoty S.A. (WSE:ATT) With These New Forecasts

Shareholders in Grupa Azoty S.A. (WSE:ATT) may be thrilled to learn that the analysts have just delivered a major upgrade to their near-term forecasts. The revenue forecast for next year has experienced a facelift, with analysts now much more optimistic on its sales pipeline.

Following the upgrade, the current consensus from Grupa Azoty's four analysts is for revenues of zł13b in 2022 which - if met - would reflect a notable 9.6% increase on its sales over the past 12 months. Prior to the latest estimates, the analysts were forecasting revenues of zł11b in 2022. It looks like there's been a clear increase in optimism around Grupa Azoty, given the substantial gain in revenue forecasts.

View our latest analysis for Grupa Azoty

These estimates are interesting, but it can be useful to paint some more broad strokes when seeing how forecasts compare, both to the Grupa Azoty's past performance and to peers in the same industry. It's clear from the latest estimates that Grupa Azoty's rate of growth is expected to accelerate meaningfully, with the forecast 7.6% annualised revenue growth to the end of 2022 noticeably faster than its historical growth of 4.7% p.a. over the past five years. Compare this with other companies in the same industry, which are forecast to grow their revenue 4.5% annually. It seems obvious that, while the growth outlook is brighter than the recent past, the analysts also expect Grupa Azoty to grow faster than the wider industry.

The Bottom Line

The highlight for us was that analysts increased their revenue forecasts for Grupa Azoty next year. They're also forecasting more rapid revenue growth than the wider market. More bullish expectations could be a signal for investors to take a closer look at Grupa Azoty.

Analysts are clearly in love with Grupa Azoty at the moment, but before diving in - you should be aware that we've identified some warning flags with the business, such as a weak balance sheet. For more information, you can click through to our platform to learn more about this and the 1 other concern we've identified .

Another thing to consider is whether management and directors have been buying or selling stock recently. We provide an overview of all open market stock trades for the last twelve months on our platform, here.

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.

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