Industry Analysts Just Made A Meaningful Upgrade To Their Checkin.Com Group AB (publ) (STO:CHECK) Revenue Forecasts

Celebrations may be in order for Checkin.Com Group AB (publ) (STO:CHECK) shareholders, with the analysts delivering a significant upgrade to their statutory estimates for the company. The consensus estimated revenue numbers rose, with their view now clearly much more bullish on the company's business prospects. The market may be pricing in some blue sky too, with the share price gaining 26% to kr10.10 in the last 7 days. Could this upgrade be enough to drive the stock even higher?

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Following the upgrade, the most recent consensus for Checkin.Com Group from its dual analysts is for revenues of kr116m in 2025 which, if met, would be a decent 19% increase on its sales over the past 12 months. Prior to the latest estimates, the analysts were forecasting revenues of kr95m in 2025. It looks like there's been a clear increase in optimism around Checkin.Com Group, given the very substantial lift in revenue forecasts.

Check out our latest analysis for Checkin.Com Group

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 Checkin.Com Group's growth to accelerate, with the forecast 26% annualised growth to the end of 2025 ranking favourably alongside historical growth of 11% per annum over the past three years. Compare this with other companies in the same industry, which are forecast to grow their revenue 14% annually. It seems obvious that, while the growth outlook is brighter than the recent past, the analysts also expect Checkin.Com Group to grow faster than the wider industry.

The Bottom Line

The highlight for us was that analysts increased their revenue forecasts for Checkin.Com Group this year. They're also forecasting more rapid revenue growth than the wider market. Seeing the dramatic upgrade to this year's forecasts, it might be time to take another look at Checkin.Com Group.

Better yet, Checkin.Com Group is expected to break-even soon - within the next few years - according to analyst forecasts, which would be a momentous event for shareholders. For more information, you can click through to our free platform to learn more about these forecasts.

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.