New Forecasts: Here's What Analysts Think The Future Holds For MannKind Corporation (NASDAQ:MNKD)

Shareholders in MannKind Corporation (NASDAQ:MNKD) 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 the analysts now much more optimistic on its sales pipeline.

After this upgrade, MannKind's five analysts are now forecasting revenues of US$86m in 2022. This would be a major 32% improvement in sales compared to the last 12 months. Prior to the latest estimates, the analysts were forecasting revenues of US$78m in 2022. It looks like there's been a clear increase in optimism around MannKind, given the nice gain to revenue forecasts.

Check out our latest analysis for MannKind

Another way we can view these estimates is in the context of the bigger picture, such as how the forecasts stack up against past performance, and whether forecasts are more or less bullish relative to other companies in the industry. The analysts are definitely expecting MannKind's growth to accelerate, with the forecast 73% annualised growth to the end of 2022 ranking favourably alongside historical growth of 11% per annum over the past five years. By contrast, our data suggests that other companies (with analyst coverage) in a similar industry are forecast to grow their revenue at 16% per year. It seems obvious that, while the growth outlook is brighter than the recent past, the analysts also expect MannKind to grow faster than the wider industry.

The Bottom Line

The highlight for us was that analysts increased their revenue forecasts for MannKind this year. The analysts also expect revenues to grow faster than the wider market. Seeing the dramatic upgrade to this year's forecasts, it might be time to take another look at MannKind.

These earnings upgrades look like a sterling endorsement, but before diving in - you should know that we've spotted 2 potential risk with MannKind, including dilutive stock issuance over the past year. You can learn more, and discover the 1 other risk we've identified, for free on our platform here.

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 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.