Industry Analysts Just Made A Captivating Upgrade To Their Ellenbarrie Industrial Gases Limited (NSE:ELLEN) Revenue Forecasts
Shareholders in Ellenbarrie Industrial Gases Limited (NSE:ELLEN) may be thrilled to learn that the analysts have just delivered a major upgrade to their near-term forecasts. The analysts have sharply increased their revenue numbers, with a view that Ellenbarrie Industrial Gases will make substantially more sales than they'd previously expected.
Following the upgrade, the current consensus from Ellenbarrie Industrial Gases' twin analysts is for revenues of ₹5.1b in 2027 which - if met - would reflect a substantial 44% increase on its sales over the past 12 months. Statutory earnings per share are presumed to jump 21% to ₹10.35. Prior to this update, the analysts had been forecasting revenues of ₹4.5b and earnings per share (EPS) of ₹10.20 in 2027. It seems analyst sentiment has certainly become more bullish on revenues, even though they haven't changed their view on earnings per share.
Check out our latest analysis for Ellenbarrie Industrial Gases
The consensus price target increased 6.3% to ₹380, with an improved revenue forecast carrying the promise of a more valuable business, in time.
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 Ellenbarrie Industrial Gases' growth to accelerate, with the forecast 44% annualised growth to the end of 2027 ranking favourably alongside historical growth of 8.5% per annum over the past year. Compare this with other companies in the same industry, which are forecast to grow their revenue 12% annually. It seems obvious that, while the growth outlook is brighter than the recent past, the analysts also expect Ellenbarrie Industrial Gases to grow faster than the wider industry.
The Bottom Line
The most obvious conclusion from this consensus update is that there's been no major change in the business' prospects in recent times, with analysts holding earnings per share steady, in line with previous estimates. They also upgraded their revenue estimates for this year, and sales are expected to grow faster than the wider market. There was also an increase in the price target, suggesting that there is more optimism baked into the forecasts than there was previously. Seeing the dramatic upgrade to this year's forecasts, it might be time to take another look at Ellenbarrie Industrial Gases.
Still, the long-term prospects of the business are much more relevant than next year's earnings. We have analyst estimates for Ellenbarrie Industrial Gases going out as far as 2029, and you can see them 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 with high insider ownership.
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