Industry Analysts Just Made A Captivating Upgrade To Their The Navigator Company, S.A. (ELI:NVG) Revenue Forecasts

The Navigator Company, S.A. (ELI:NVG) shareholders will have a reason to smile today, with the analysts making substantial upgrades to this year's statutory forecasts. The analysts have sharply increased their revenue numbers, with a view that Navigator Company will make substantially more sales than they'd previously expected.

Following the upgrade, the latest consensus from Navigator Company's four analysts is for revenues of €2.2b in 2024, which would reflect a meaningful 10% improvement in sales compared to the last 12 months. Statutory earnings per share are anticipated to decrease 4.2% to €0.36 in the same period. Prior to this update, the analysts had been forecasting revenues of €1.9b and earnings per share (EPS) of €0.33 in 2024. The forecasts seem more optimistic now, with a decent improvement in revenue and a small increase to earnings per share estimates.

View our latest analysis for Navigator Company

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 Navigator Company's rate of growth is expected to accelerate meaningfully, with the forecast 14% annualised revenue growth to the end of 2024 noticeably faster than its historical growth of 8.1% p.a. over the past five years. Compare this with other companies in the same industry, which are forecast to grow their revenue 4.3% annually. Factoring in the forecast acceleration in revenue, it's pretty clear that Navigator Company is expected to grow much faster than its industry.

The Bottom Line

The most important thing to take away from this upgrade is that analysts upgraded their earnings per share estimates for this year, expecting improving business conditions. Fortunately, analysts also upgraded their revenue estimates, and our data indicates sales are expected 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 Navigator Company.

Even so, the longer term trajectory of the business is much more important for the value creation of shareholders. We have estimates - from multiple Navigator Company analysts - going out to 2026, 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 backed by insiders.

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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.