Yahoo Finance Broker Revenue Forecasts For SciDev Limited (ASX:SDV) Are Surging Higher
Shareholders in SciDev Limited (ASX:SDV) may be thrilled to learn that the covering analyst has just delivered a major upgrade to their near-term forecasts. The revenue forecast for this year has experienced a facelift, with the analyst now much more optimistic on its sales pipeline.
Following the upgrade, the most recent consensus for SciDev from its solitary analyst is for revenues of AU$19m in 2020 which, if met, would be a huge 141% increase on its sales over the past 12 months. Prior to the latest estimates, the analyst was forecasting revenues of AU$13m in 2020. The consensus has definitely become more optimistic, showing a chunky increase in revenue forecasts.
View our latest analysis for SciDev
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. The analyst is definitely expecting SciDev's growth to accelerate, with the forecast 141% growth ranking favourably alongside historical growth of 29% per annum over the past five years. Compare this with other companies in the same industry, which are forecast to grow their revenue 6.9% next year. It seems obvious that, while the growth outlook is brighter than the recent past, the analyst also expect SciDev to grow faster than the wider industry.
The Bottom Line
The highlight for us was that the analyst increased their revenue forecasts for SciDev this year. The analyst also expects revenues to grow faster than the wider market. Seeing the dramatic upgrade to this year's forecasts, it might be time to take another look at SciDev.
The covering analyst is definitely bullish on SciDev, but no company is perfect. Indeed, you should know that there are several potential concerns to be aware of, including dilutive stock issuance over the past year. For more information, you can click through to our platform to learn more about this and the 5 other concerns we've identified .
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.
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