Growth Investors: Industry Analysts Just Upgraded Their OUTsurance Group Limited (JSE:OUT) Revenue Forecasts By 21%

OUTsurance Group Limited (JSE:OUT) shareholders will have a reason to smile today, with the analysts making substantial upgrades to this year's statutory forecasts. The consensus estimated revenue numbers rose, with their view now clearly much more bullish on the company's business prospects.

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Following the latest upgrade, OUTsurance Group's four analysts currently expect revenues in 2025 to be R36b, approximately in line with the last 12 months. Before the latest update, the analysts were foreseeing R30b of revenue in 2025. The consensus has definitely become more optimistic, showing a considerable lift to revenue forecasts.

Check out our latest analysis for OUTsurance Group

We'd point out that there was no major changes to their price target of R75.23, suggesting the latest estimates were not enough to shift their view on the value of the business.

Of course, another way to look at these forecasts is to place them into context against the industry itself. These estimates imply that sales are expected to slow, with a forecast annualised revenue decline of 0.8% by the end of 2025. This indicates a significant reduction from annual growth of 18% over the last five years. Yet aggregate analyst estimates for other companies in the industry suggest that industry revenues are forecast to decline 40% per year. So it's pretty clear that OUTsurance Group's revenues are expected to shrink slower than the wider industry.

The Bottom Line

The highlight for us was that analysts increased their revenue forecasts for OUTsurance Group this year. They're also forecasting for revenues to perform better than companies in the wider market. Seeing the dramatic upgrade to this year's forecasts, it might be time to take another look at OUTsurance Group.

Unanswered questions? We have analyst estimates for OUTsurance Group going out to 2027, and you can see them 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 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.