Upgrade: Analysts Just Made A Captivating Increase To Their Beijer Alma AB (publ) (STO:BEIA B) Forecasts

Shareholders in Beijer Alma AB (publ) (STO:BEIA B) may be thrilled to learn that the analysts have just delivered a major upgrade to their near-term forecasts. The consensus estimated revenue numbers rose, with their view now clearly much more bullish on the company's business prospects.

Following the upgrade, the latest consensus from Beijer Alma's three analysts is for revenues of kr6.4b in 2022, which would reflect a decent 11% improvement in sales compared to the last 12 months. Prior to the latest estimates, the analysts were forecasting revenues of kr5.7b in 2022. It looks like there's been a clear increase in optimism around Beijer Alma, given the solid increase in revenue forecasts.

See our latest analysis for Beijer Alma

Looking at the bigger picture now, one of the ways we can make sense of these forecasts is to see how they measure up against both past performance and industry growth estimates. The analysts are definitely expecting Beijer Alma's growth to accelerate, with the forecast 14% annualised growth to the end of 2022 ranking favourably alongside historical growth of 6.0% per annum over the past five years. By contrast, our data suggests that other companies (with analyst coverage) in a similar industry are forecast to grow their revenue at 5.3% per year. It seems obvious that, while the growth outlook is brighter than the recent past, the analysts also expect Beijer Alma 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. They're also forecasting more rapid revenue growth than the wider market. The clear improvement in sentiment should be enough to get most shareholders feeling more optimistic about Beijer Alma's future.

Need some more information? We have analyst estimates for Beijer Alma going out to 2024, and you can see them free on our platform here.

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.

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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.