Published on 4 May 2023 on Simply Wall St. via Yahoo Finance

Analysts Just Made A Massive Upgrade To Their Koninklijke DSM N.V. (AMS:DSM) Forecasts

Celebrations may be in order for Koninklijke DSM N.V. (AMS:DSM) shareholders, with the analysts delivering a significant upgrade to their statutory estimates for the company. The consensus statutory numbers for both revenue and earnings per share (EPS) increased, with their view clearly much more bullish on the company's business prospects.

After this upgrade, Koninklijke DSM's nine analysts are now forecasting revenues of €12b in 2023. This would be a major 45% improvement in sales compared to the last 12 months. Per-share earnings are expected to soar 59% to €4.78. Prior to this update, the analysts had been forecasting revenues of €8.5b and earnings per share (EPS) of €3.45 in 2023. So we can see there's been a pretty clear increase in analyst sentiment in recent times, with both revenues and earnings per share receiving a decent lift in the latest estimates.

View our latest analysis for Koninklijke DSM