New Forecasts: Here's What Analysts Think The Future Holds For TCC Group Holdings Co., Ltd. (TWSE:1101)

Shareholders in TCC Group Holdings Co., Ltd. (TWSE:1101) may be thrilled to learn that the analysts have just delivered a major upgrade to their near-term forecasts. The analysts have sharply increased their revenue numbers, with a view that TCC Group Holdings will make substantially more sales than they'd previously expected.

Following the upgrade, the latest consensus from TCC Group Holdings' four analysts is for revenues of NT$147b in 2024, which would reflect a huge 22% improvement in sales compared to the last 12 months. Statutory earnings per share are presumed to surge 45% to NT$1.33. Previously, the analysts had been modelling revenues of NT$129b and earnings per share (EPS) of NT$1.33 in 2024. It seems analyst sentiment has certainly become more bullish on revenues, even though they haven't changed their view on earnings per share.

Check out our latest analysis for TCC Group Holdings

Taking a look at the bigger picture now, one of the ways we can understand these forecasts is to see how they compare to both past performance and industry growth estimates. For example, we noticed that TCC Group Holdings' rate of growth is expected to accelerate meaningfully, with revenues forecast to exhibit 49% growth to the end of 2024 on an annualised basis. That is well above its historical decline of 0.9% 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 grow 7.3% per year. Not only are TCC Group Holdings' revenues expected to improve, it seems that the analysts are also expecting it to grow faster than the wider industry.

The Bottom Line

The most obvious conclusion from this consensus update is that there's been no major change in the business' prospects in recent times, with analysts holding earnings per share steady, in line with previous estimates. Fortunately, analysts also upgraded their revenue estimates, and our data indicates sales are expected to perform better 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 TCC Group Holdings.

Analysts are clearly in love with TCC Group Holdings 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. For more information, you can click through to our platform to learn more about this and the 1 other concern we've identified .

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.