Published on 16 Mar 2024 on Simply Wall St. via Yahoo Finance
Analysts' Revenue Estimates For Admiral Group plc (LON:ADM) Are Surging Higher
Admiral Group plc (LON:ADM) shareholders will have a reason to smile today, with the analysts making substantial upgrades to this year's statutory forecasts. The consensus estimated revenue numbers rose, with their view now clearly much more bullish on the company's business prospects. The stock price has risen 6.3% to UK£27.34 over the past week, suggesting investors are becoming more optimistic. Could this big upgrade push the stock even higher?
Following the upgrade, the current consensus from Admiral Group's nine analysts is for revenues of UK£4.7b in 2024 which - if met - would reflect a substantial 22% increase on its sales over the past 12 months. Statutory earnings per share are presumed to shoot up 27% to UK£1.44. Previously, the analysts had been modelling revenues of UK£4.2b and earnings per share (EPS) of UK£1.37 in 2024. Sentiment certainly seems to have improved in recent times, with a nice gain to revenue and a modest lift to earnings per share estimates.
See our latest analysis for Admiral Group