This Just In: Analysts Are Boosting Their I-Tech AB (STO:ITECH) Outlook for This Year

I-Tech AB (STO:ITECH) shareholders will have a reason to smile today, with the analysts making substantial upgrades to this year's statutory forecasts. The consensus statutory numbers for both revenue and earnings per share (EPS) increased, with their view clearly much more bullish on the company's business prospects. I-Tech has also found favour with investors, with the stock up an incredible 33% to kr81.00 over the past week. We'll be curious to see if these new estimates convince the market to lift the stock price higher still.

Following the upgrade, the current consensus from I-Tech's three analysts is for revenues of kr224m in 2025 which - if met - would reflect a huge 25% increase on its sales over the past 12 months. Statutory earnings per share are presumed to jump 46% to kr4.79. Before this latest update, the analysts had been forecasting revenues of kr197m and earnings per share (EPS) of kr4.04 in 2025. There has definitely been an improvement in perception recently, with the analysts substantially increasing both their earnings and revenue estimates.

Check out our latest analysis for I-Tech

With these upgrades, we're not surprised to see that the analysts have lifted their price target 57% to kr107 per share.

These estimates are interesting, but it can be useful to paint some more broad strokes when seeing how forecasts compare, both to the I-Tech's past performance and to peers in the same industry. We can infer from the latest estimates that forecasts expect a continuation of I-Tech'shistorical trends, as the 25% annualised revenue growth to the end of 2025 is roughly in line with the 28% annual revenue growth over the past five years. Compare this with the broader industry, which analyst estimates (in aggregate) suggest will see revenues grow 5.2% annually. So it's pretty clear that I-Tech is forecast to grow substantially faster than its 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 this year. Fortunately, analysts also upgraded their revenue estimates, and our data indicates sales are expected to perform better than the wider market. Given that the consensus looks almost universally bullish, with a substantial increase to forecasts and a higher price target, I-Tech could be worth investigating further.

Still, the long-term prospects of the business are much more relevant than next year's earnings. At Simply Wall St, we have a full range of analyst estimates for I-Tech going out to 2027, 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.