Yahoo Finance Broker Revenue Forecasts For ProCredit Holding AG (ETR:PCZ) Are Surging Higher
ProCredit Holding AG (ETR:PCZ) shareholders will have a reason to smile today, with the analysts making substantial upgrades to this year's statutory forecasts. The revenue forecast for this year has experienced a facelift, with the analysts now much more optimistic on its sales pipeline. Investor sentiment seems to be improving too, with the share price up 7.4% to €9.56 over the past 7 days. Could this big upgrade push the stock even higher?
After this upgrade, ProCredit Holding's three analysts are now forecasting revenues of €431m in 2024. This would be an okay 8.0% improvement in sales compared to the last 12 months. Prior to the latest estimates, the analysts were forecasting revenues of €384m in 2024. It looks like there's been a clear increase in optimism around ProCredit Holding, given the decent improvement in revenue forecasts.
See our latest analysis for ProCredit Holding
There was no particular change to the consensus price target of €17.57, with ProCredit Holding's latest outlook seemingly not enough to result in a change of valuation.
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. The period to the end of 2024 brings more of the same, according to the analysts, with revenue forecast to display 8.0% growth on an annualised basis. That is in line with its 7.0% annual growth over the past five years. By contrast, our data suggests that other companies (with analyst coverage) in a similar industry are forecast to see their revenues grow 3.3% per year. So it's pretty clear that ProCredit Holding is forecast to grow substantially faster than its industry.
The Bottom Line
The highlight for us was that analysts increased their revenue forecasts for ProCredit Holding this year. They're also forecasting more rapid revenue growth 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 ProCredit Holding.
Looking to learn more? We have analyst estimates for ProCredit Holding going out to 2026, 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.
