Industry Analysts Just Upgraded Their Cibus Nordic Real Estate AB (publ) (STO:CIBUS) Revenue Forecasts By 18%

Shareholders in Cibus Nordic Real Estate AB (publ) (STO:CIBUS) may be thrilled to learn that the analysts have just delivered a major upgrade to their near-term forecasts. 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 7.0% to kr255 over the past 7 days. Could this big upgrade push the stock even higher?

After the upgrade, the twin analysts covering Cibus Nordic Real Estate are now predicting revenues of €117m in 2022. If met, this would reflect a sizeable 25% improvement in sales compared to the last 12 months. Before the latest update, the analysts were foreseeing €99m of revenue in 2022. The consensus has definitely become more optimistic, showing a solid increase in revenue forecasts.

Check out our latest analysis for Cibus Nordic Real Estate

One way to get more context on these forecasts is to look at how they compare to both past performance, and how other companies in the same industry are performing. The analysts are definitely expecting Cibus Nordic Real Estate's growth to accelerate, with the forecast 25% annualised growth to the end of 2022 ranking favourably alongside historical growth of 19% per annum over the past three years. Compare this with other companies in the same industry, which are forecast to grow their revenue 7.5% annually. Factoring in the forecast acceleration in revenue, it's pretty clear that Cibus Nordic Real Estate is expected to grow much faster than its industry.

The Bottom Line

The highlight for us was that analysts increased their revenue forecasts for Cibus Nordic Real Estate this year. The 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 Cibus Nordic Real Estate.

Analysts are clearly in love with Cibus Nordic Real Estate at the moment, but before diving in - you should be aware that we've identified some warning flags with the business, such as dilutive stock issuance over the past year. You can learn more, and discover the 3 other flags we've identified, for 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.