Growth Investors: Industry Analysts Just Upgraded Their ENEA S.A. (WSE:ENA) Revenue Forecasts By 21%

ENEA S.A. (WSE:ENA) shareholders will have a reason to smile today, with the analysts making substantial upgrades to this year's statutory forecasts. The consensus estimated revenue numbers rose, with their view now clearly much more bullish on the company's business prospects.

After the upgrade, the five analysts covering ENEA are now predicting revenues of zł46b in 2023. If met, this would reflect a huge 34% improvement in sales compared to the last 12 months. Before the latest update, the analysts were foreseeing zł38b of revenue in 2023. It looks like there's been a clear increase in optimism around ENEA, given the considerable lift to revenue forecasts.

View our latest analysis for ENEA

There was no particular change to the consensus price target of zł13.78, with ENEA's latest outlook seemingly not enough to result in a change of valuation.

These estimates are interesting, but it can be useful to paint some more broad strokes when seeing how forecasts compare, both to the ENEA's past performance and to peers in the same industry. It's clear from the latest estimates that ENEA's rate of growth is expected to accelerate meaningfully, with the forecast 47% annualised revenue growth to the end of 2023 noticeably faster than its historical growth of 20% p.a. over the past five years. Compare this with other companies in the same industry, which are forecast to see a revenue decline of 4.1% annually. So it's clear with the acceleration in growth, ENEA is expected to grow meaningfully faster than the wider industry.

The Bottom Line

The highlight for us was that analysts increased their revenue forecasts for ENEA this year. The analysts also expect revenues to perform better than the wider market. Seeing the dramatic upgrade to this year's forecasts, it might be time to take another look at ENEA.

Want more information? At least one of ENEA's five analysts has provided estimates out to 2025, which can be seen 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.