Growth Investors: Industry Analysts Just Upgraded Their Fubon Financial Holding Co., Ltd. (TWSE:2881) Revenue Forecasts By 11%

Fubon Financial Holding Co., Ltd. (TWSE:2881) shareholders will have a reason to smile today, with the analysts making substantial upgrades to this year's statutory forecasts. The revenue forecast for this year has experienced a facelift, with the analysts now much more optimistic on its sales pipeline.

Following the latest upgrade, the current consensus, from the nine analysts covering Fubon Financial Holding, is for revenues of NT$270b in 2024, which would reflect a painful 62% reduction in Fubon Financial Holding's sales over the past 12 months. Before the latest update, the analysts were foreseeing NT$243b of revenue in 2024. The consensus has definitely become more optimistic, showing a nice gain to revenue forecasts.

See our latest analysis for Fubon Financial Holding

These estimates are interesting, but it can be useful to paint some more broad strokes when seeing how forecasts compare, both to the Fubon Financial Holding's past performance and to peers in the same industry. One more thing stood out to us about these estimates, and it's the idea that Fubon Financial Holding's decline is expected to accelerate, with revenues forecast to fall at an annualised rate of 85% to the end of 2024. This tops off a historical decline of 8.9% a year over the past five years. By contrast, our data suggests that other companies (with analyst coverage) in the industry are forecast to see their revenue shrink 0.6% per year. So it's pretty clear that Fubon Financial Holding sales are expected to decline at a faster rate than the wider industry.

The Bottom Line

The highlight for us was that analysts increased their revenue forecasts for Fubon Financial Holding this year. They're also forecasting for revenues to shrink at a quicker rate than companies in the wider market. Seeing the dramatic upgrade to this year's forecasts, it might be time to take another look at Fubon Financial Holding.

Thirsting for more data? We have analyst estimates for Fubon Financial Holding going out to 2026, 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.