Analysts Are Betting On Thule Group AB (publ) (STO:THULE) With A Big Upgrade This Week

Thule Group AB (publ) (STO:THULE) shareholders will have a reason to smile today, with the analysts making substantial upgrades to next year's statutory forecasts. The analysts have sharply increased their revenue numbers, with a view that Thule Group will make substantially more sales than they'd previously expected.

Following the upgrade, the latest consensus from Thule Group's five analysts is for revenues of kr11b in 2025, which would reflect a sizeable 20% improvement in sales compared to the last 12 months. Statutory earnings per share are presumed to shoot up 34% to kr14.94. Before this latest update, the analysts had been forecasting revenues of kr10b and earnings per share (EPS) of kr13.98 in 2025. Sentiment certainly seems to have improved in recent times, with a substantial gain in revenue and a small increase to earnings per share estimates.

View our latest analysis for Thule Group

With these upgrades, we're not surprised to see that the analysts have lifted their price target 10% to kr354 per share.

Of course, another way to look at these forecasts is to place them into context against the industry itself. The analysts are definitely expecting Thule Group's growth to accelerate, with the forecast 16% annualised growth to the end of 2025 ranking favourably alongside historical growth of 6.0% per annum over the past five years. Compare this with other companies in the same industry, which are forecast to grow their revenue 9.5% annually. It seems obvious that, while the growth outlook is brighter than the recent past, the analysts also expect Thule Group to grow faster than the wider industry.

The Bottom Line

The biggest takeaway for us from these new estimates is that analysts upgraded their earnings per share estimates, with improved earnings power expected for next year. Fortunately, analysts also upgraded their revenue estimates, and our data indicates sales are expected to perform better than the wider market. There was also an increase in the price target, suggesting that there is more optimism baked into the forecasts than there was previously. Seeing the dramatic upgrade to next year's forecasts, it might be time to take another look at Thule Group.

Still, the long-term prospects of the business are much more relevant than next year's earnings. We have estimates - from multiple Thule Group analysts - going out to 2026, and you can see them 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 with high insider ownership.

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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.