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Analysts' Revenue Estimates For IG Design Group plc (LON:IGR) Are Surging Higher

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Simply Wall St
·2 min read
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IG Design Group plc (LON:IGR) shareholders will have a reason to smile today, with the analysts making substantial upgrades to this year's forecasts. The consensus estimated revenue numbers rose, with their view now clearly much more bullish on the company's business prospects.

Following the latest upgrade, the current consensus, from the four analysts covering IG Design Group, is for revenues of US$659m in 2021, which would reflect a definite 14% reduction in IG Design Group's sales over the past 12 months. Prior to the latest estimates, the analysts were forecasting revenues of US$526m in 2021. It looks like there's been a clear increase in optimism around IG Design Group, given the chunky increase in revenue forecasts.

Check out our latest analysis for IG Design Group

earnings-and-revenue-growth
earnings-and-revenue-growth

Taking a look at the bigger picture now, one of the ways we can understand these forecasts is to see how they compare to both past performance and industry growth estimates. These estimates imply that sales are expected to slow, with a forecast revenue decline of 14%, a significant reduction from annual growth of 16% over the last five years. Compare this with our data, which suggests that other companies in the same industry are, in aggregate, expected to see their revenue grow 11% next year. So although its revenues are forecast to shrink, this cloud does not come with a silver lining - IG Design Group is expected to lag the wider industry.

The Bottom Line

The highlight for us was that analysts increased their revenue forecasts for IG Design Group this year. They're also anticipating slower revenue growth than the wider market. Seeing the dramatic upgrade to this year's forecasts, it might be time to take another look at IG Design Group.

Need some more information? We have analyst estimates for IG Design Group going out to 2023, and you can see them free on our platform here.

Of course, seeing company management invest large sums of money in a stock can be just as useful as knowing whether analysts are upgrading their estimates. So you may also wish to search this free list of stocks that insiders are buying.

This article by Simply Wall St is general in nature. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.