Yahoo Finance Analysts Are Betting On Profire Energy, Inc. (NASDAQ:PFIE) With A Big Upgrade This Week
Shareholders in Profire Energy, Inc. (NASDAQ:PFIE) 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, Profire Energy's two analysts are now forecasting revenues of US$43m in 2022. This would be a sizeable 25% improvement in sales compared to the last 12 months. Statutory earnings per share are supposed to tumble 45% to US$0.01 in the same period. Previously, the analysts had been modelling revenues of US$38m and earnings per share (EPS) of US$0.01 in 2022. It seems analyst sentiment has certainly become more bullish on revenues, even though they haven't changed their view on earnings per share.
See our latest analysis for Profire Energy
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. One thing stands out from these estimates, which is that Profire Energy is forecast to grow faster in the future than it has in the past, with revenues expected to display 57% annualised growth until the end of 2022. If achieved, this would be a much better result than the 10% annual decline over the past five years. Compare this against analyst estimates for the broader industry, which suggest that (in aggregate) industry revenues are expected to grow 12% annually. So it looks like Profire Energy is expected to grow faster than its competitors, at least for a while.
The Bottom Line
The most important thing to take away is that there's been no major change in sentiment, with analysts reconfirming that earnings per share are expected to continue performing in line with their prior expectations. 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 Profire Energy.
With that said, the long-term trajectory of the company's earnings is a lot more important than next year. We have analyst estimates for Profire Energy going out as far as 2024, 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 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.
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