Published on 26 Apr 2024 on Simply Wall St. via Yahoo Finance
Industry Analysts Just Upgraded Their Danimer Scientific, Inc. (NYSE:DNMR) Revenue Forecasts By 11%
Shareholders in Danimer Scientific, Inc. (NYSE:DNMR) 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.
After this upgrade, Danimer Scientific's five analysts are now forecasting revenues of US$78m in 2024. This would be a huge 68% improvement in sales compared to the last 12 months. Before the latest update, the analysts were foreseeing US$70m of revenue in 2024. The consensus has definitely become more optimistic, showing a solid increase in revenue forecasts.