Published on 26 Jun 2021 on Simply Wall St. via Yahoo Finance

Broker Revenue Forecasts For Insurance Australia Group Limited (ASX:IAG) Are Surging Higher

Shareholders in Insurance Australia Group Limited (ASX:IAG) may be thrilled to learn that the analysts have just delivered a major upgrade to their near-term forecasts. The revenue forecast for this year has experienced a facelift, with analysts now much more optimistic on its sales pipeline.

Following the upgrade, the latest consensus from Insurance Australia Group's nine analysts is for revenues of AU$7.6b in 2021, which would reflect a credible 2.7% improvement in sales compared to the last 12 months. Losses are predicted to fall substantially, shrinking 50% to AU$0.066. Yet before this consensus update, the analysts had been forecasting revenues of AU$7.6b and losses of AU$0.07 per share in 2021. It looks like there's been a modest increase in sentiment in the recent updates, with the analysts becoming a bit more optimistic in their predictions for losses per share, even though the revenue numbers were unchanged.

See our latest analysis for Insurance Australia Group