Published on 28 Apr 2022 on Simply Wall St. via Yahoo Finance
Growth Investors: Industry Analysts Just Upgraded Their Woodside Petroleum Ltd (ASX:WPL) Revenue...
Celebrations may be in order for Woodside Petroleum Ltd (ASX:WPL) shareholders, with the analysts delivering a significant upgrade to their statutory estimates for the company. The revenue forecast for this year has experienced a facelift, with the analysts now much more optimistic on its sales pipeline.
After the upgrade, the ten analysts covering Woodside Petroleum are now predicting revenues of US$8.4b in 2022. If met, this would reflect a substantial 21% improvement in sales compared to the last 12 months. Per-share earnings are expected to shoot up 60% to US$3.21. Previously, the analysts had been modelling revenues of US$7.7b and earnings per share (EPS) of US$3.18 in 2022. It seems analyst sentiment has certainly become more bullish on revenues, even though they haven't changed their view on earnings per share.
View our latest analysis for Woodside Petroleum