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New Forecasts: Here's What Analysts Think The Future Holds For Solaris Oilfield Infrastructure, Inc. (NYSE:SOI)

·2-min read

Solaris Oilfield Infrastructure, Inc. (NYSE:SOI) shareholders will have a reason to smile today, with the analysts making substantial upgrades to this year's forecasts. The revenue forecast for this year has experienced a facelift, with the analysts now much more optimistic on its sales pipeline.

Following the upgrade, the latest consensus from Solaris Oilfield Infrastructure's five analysts is for revenues of US$338m in 2022, which would reflect a major 41% improvement in sales compared to the last 12 months. Prior to the latest estimates, the analysts were forecasting revenues of US$252m in 2022. It looks like there's been a clear increase in optimism around Solaris Oilfield Infrastructure, given the sizeable gain to revenue forecasts.

View our latest analysis for Solaris Oilfield Infrastructure

earnings-and-revenue-growth
earnings-and-revenue-growth

One way to get more context on these forecasts is to look at how they compare to both past performance, and how other companies in the same industry are performing. The analysts are definitely expecting Solaris Oilfield Infrastructure's growth to accelerate, with the forecast 100% annualised growth to the end of 2022 ranking favourably alongside historical growth of 10% per annum over the past five years. By contrast, our data suggests that other companies (with analyst coverage) in a similar industry are forecast to grow their revenue at 11% per year. It seems obvious that, while the growth outlook is brighter than the recent past, the analysts also expect Solaris Oilfield Infrastructure to grow faster than the wider 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 Solaris Oilfield Infrastructure.

These earnings upgrades look like a sterling endorsement, but before diving in - you should know that we've spotted 2 potential risk with Solaris Oilfield Infrastructure, including the risk of cutting its dividend. For more information, you can click through to our platform to learn more about this and the 1 other risk we've identified .

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.

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