Broker Revenue Forecasts For PGE Polska Grupa Energetyczna S.A. (WSE:PGE) Are Surging Higher

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

Following the upgrade, the latest consensus from PGE Polska Grupa Energetyczna's five analysts is for revenues of zł107b in 2023, which would reflect a substantial 46% improvement in sales compared to the last 12 months. Before the latest update, the analysts were foreseeing zł90b of revenue in 2023. It looks like there's been a clear increase in optimism around PGE Polska Grupa Energetyczna, given the nice gain to revenue forecasts.

Check out our latest analysis for PGE Polska Grupa Energetyczna

Taking a look at the bigger picture now, one of the ways we can understand these forecasts is to see how they compare to both past performance and industry growth estimates. The analysts are definitely expecting PGE Polska Grupa Energetyczna's growth to accelerate, with the forecast 46% annualised growth to the end of 2023 ranking favourably alongside historical growth of 22% per annum over the past five years. Compare this with other companies in the same industry, which are forecast to see a revenue decline of 4.6% annually. So it's clear with the acceleration in growth, PGE Polska Grupa Energetyczna is expected to grow meaningfully faster than the wider industry.

The Bottom Line

The most important thing to take away from this upgrade is that analysts lifted their revenue estimates for 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 PGE Polska Grupa Energetyczna.

Thirsting for more data? At least one of PGE Polska Grupa Energetyczna's five analysts has provided estimates out to 2025, which can be seen 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.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.

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.