Yahoo Finance News Flash: Analysts Just Made A Huge Upgrade To Their Access Intelligence Plc (LON:ACC) Forecasts
Celebrations may be in order for Access Intelligence Plc (LON:ACC) shareholders, with the analysts delivering a significant upgrade to their statutory estimates for the company. The consensus estimated revenue numbers rose, with their view now clearly much more bullish on the company's business prospects.
Following the upgrade, the current consensus from Access Intelligence's two analysts is for revenues of UK£34m in 2021 which - if met - would reflect a substantial 80% increase on its sales over the past 12 months. Prior to the latest estimates, the analysts were forecasting revenues of UK£23m in 2021. The consensus has definitely become more optimistic, showing a great increase in revenue forecasts.
Check out our latest analysis for Access Intelligence
Looking at the bigger picture now, one of the ways we can make sense of these forecasts is to see how they measure up against both past performance and industry growth estimates. It's clear from the latest estimates that Access Intelligence's rate of growth is expected to accelerate meaningfully, with the forecast 80% annualised revenue growth to the end of 2021 noticeably faster than its historical growth of 18% p.a. over the past five years. Compare this with other companies in the same industry, which are forecast to grow their revenue 11% annually. Factoring in the forecast acceleration in revenue, it's pretty clear that Access Intelligence is expected to grow much faster than its industry.
The Bottom Line
The most important thing to take away from this upgrade is that analysts lifted their revenue estimates for this year. They're also forecasting more rapid revenue growth than the wider market. Seeing the dramatic upgrade to this year's forecasts, it might be time to take another look at Access Intelligence.
That's a pretty serious upgrade, but shareholders might be even more pleased to know that forecasts expect Access Intelligence to be able to reach break-even within the next few years. You can learn more about these forecasts, 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.
This article by Simply Wall St is general in nature. 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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