Yahoo Finance Analysts' Revenue Estimates For Werner Enterprises, Inc. (NASDAQ:WERN) Are Surging Higher
Shareholders in Werner Enterprises, Inc. (NASDAQ:WERN) may be thrilled to learn that the analysts have just delivered a major upgrade to their near-term forecasts. The consensus estimated revenue numbers rose, with their view now clearly much more bullish on the company's business prospects. The stock price has risen 9.2% to US$41.82 over the past week, suggesting investors are becoming more optimistic. Could this big upgrade push the stock even higher?
Following the upgrade, the most recent consensus for Werner Enterprises from its five analysts is for revenues of US$3.6b in 2023 which, if met, would be a meaningful 13% increase on its sales over the past 12 months. Prior to the latest estimates, the analysts were forecasting revenues of US$3.2b in 2023. It looks like there's been a clear increase in optimism around Werner Enterprises, given the nice increase in revenue forecasts.
Check out our latest analysis for Werner Enterprises
There was no particular change to the consensus price target of US$46.00, with Werner Enterprises' latest outlook seemingly not enough to result in a change of valuation. The consensus price target is just an average of individual analyst targets, so - it could be handy to see how wide the range of underlying estimates is. The most optimistic Werner Enterprises analyst has a price target of US$68.00 per share, while the most pessimistic values it at US$35.00. Note the wide gap in analyst price targets? This implies to us that there is a fairly broad range of possible scenarios for the underlying business.
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. The analysts are definitely expecting Werner Enterprises' growth to accelerate, with the forecast 10% annualised growth to the end of 2023 ranking favourably alongside historical growth of 6.0% per annum over the past five years. Compare this with other companies in the same industry, which are forecast to grow their revenue 4.9% annually. It seems obvious that, while the growth outlook is brighter than the recent past, the analysts also expect Werner Enterprises to grow faster than the wider industry.
The Bottom Line
The highlight for us was that analysts increased their revenue forecasts for Werner Enterprises next year. The analysts also expect revenues to grow faster 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 Werner Enterprises.
Of course, there's always more to the story. We have analyst estimates for Werner Enterprises going out to 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.
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
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.
Join A Paid User Research Session
You’ll receive a US$30 Amazon Gift card for 1 hour of your time while helping us build better investing tools for the individual investors like yourself. Sign up here
