Yahoo Finance Analysts Just Made A Major Revision To Their OPAL Fuels Inc. (NASDAQ:OPAL) Revenue Forecasts
Today is shaping up negative for OPAL Fuels Inc. (NASDAQ:OPAL) shareholders, with the analysts delivering a substantial negative revision to this year's forecasts. This report focused on revenue estimates, and it looks as though the consensus view of the business has become substantially more conservative.
Following the downgrade, the most recent consensus for OPAL Fuels from its seven analysts is for revenues of US$325m in 2024 which, if met, would be a meaningful 17% increase on its sales over the past 12 months. Prior to the latest estimates, the analysts were forecasting revenues of US$366m in 2024. The consensus view seems to have become more pessimistic on OPAL Fuels, noting the substantial drop in revenue estimates in this update.
Check out our latest analysis for OPAL Fuels
Of course, another way to look at these forecasts is to place them into context against the industry itself. We can infer from the latest estimates that forecasts expect a continuation of OPAL Fuels'historical trends, as the 23% annualised revenue growth to the end of 2024 is roughly in line with the 21% annual revenue growth over the past year. Compare this with the broader industry, which analyst estimates (in aggregate) suggest will see revenues grow 2.2% annually. So it's pretty clear that OPAL Fuels is forecast to grow substantially faster than its industry.
The Bottom Line
The most important thing to take away is that analysts cut their revenue estimates for this year. The analysts also expect revenues to grow faster than the wider market. Given the stark change in sentiment, we'd understand if investors became more cautious on OPAL Fuels after today.
Need some more information? At least one of OPAL Fuels' seven analysts has provided estimates out to 2026, which can be seen 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 downgrading 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.
