Growth Investors: Industry Analysts Just Upgraded Their Industries Qatar Q.P.S.C. (DSM:IQCD) Revenue Forecasts By 15%

Celebrations may be in order for Industries Qatar Q.P.S.C. (DSM:IQCD) shareholders, with the analysts delivering a significant upgrade to their statutory estimates for the company. The revenue forecast for this year has experienced a facelift, with analysts now much more optimistic on its sales pipeline. Investor sentiment seems to be improving too, with the share price up 9.3% to ر.ق20.00 over the past 7 days. Whether the upgrade is enough to drive the stock price higher is yet to be seen, however.

Following the upgrade, the most recent consensus for Industries Qatar Q.P.S.C from its six analysts is for revenues of ر.ق15b in 2022 which, if met, would be a notable 8.9% increase on its sales over the past 12 months. Prior to the latest estimates, the analysts were forecasting revenues of ر.ق13b in 2022. The consensus has definitely become more optimistic, showing a substantial gain in revenue forecasts.

See our latest analysis for Industries Qatar Q.P.S.C

These estimates are interesting, but it can be useful to paint some more broad strokes when seeing how forecasts compare, both to the Industries Qatar Q.P.S.C's past performance and to peers in the same industry. We would highlight that Industries Qatar Q.P.S.C's revenue growth is expected to slow, with the forecast 8.9% annualised growth rate until the end of 2022 being well below the historical 21% p.a. growth over the last five years. By way of comparison, the other companies in this industry with analyst coverage are forecast to grow their revenue at 5.8% annually. Even after the forecast slowdown in growth, it seems obvious that Industries Qatar Q.P.S.C is also expected to grow 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. Analysts also expect revenues to grow faster than the wider market. Given that analysts appear to be expecting substantial improvement in the sales pipeline, now could be the right time to take another look at Industries Qatar Q.P.S.C.

Thirsting for more data? We have analyst estimates for Industries Qatar Q.P.S.C going out to 2024, 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.