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Par Pacific Holdings, Inc. (NYSE:PARR) shareholders will have a reason to smile today, with the analysts making substantial upgrades to this year's forecasts. The analysts have sharply increased their revenue numbers, with a view that Par Pacific Holdings will make substantially more sales than they'd previously expected.
Following the latest upgrade, the four analysts covering Par Pacific Holdings provided consensus estimates of US$3.1b revenue in 2020, which would reflect a stressful 31% decline on its sales over the past 12 months. Prior to the latest estimates, the analysts were forecasting revenues of US$1.6b in 2020. The consensus has definitely become more optimistic, showing a very substantial lift in revenue forecasts.
Of course, another way to look at these forecasts is to place them into context against the industry itself. These estimates imply that sales are expected to slow, with a forecast revenue decline of 31%, a significant reduction from annual growth of 22% over the last five years. By contrast, our data suggests that other companies (with analyst coverage) in the same industry are forecast to see their revenue grow 9.8% annually for the foreseeable future. So although its revenues are forecast to shrink, this cloud does not come with a silver lining - Par Pacific Holdings is expected to lag the wider industry.
The Bottom Line
The highlight for us was that analysts increased their revenue forecasts for Par Pacific Holdings this year. They also expect company revenue to perform worse than the wider market. Seeing the dramatic upgrade to this year's forecasts, it might be time to take another look at Par Pacific Holdings.
Want to learn more? At least one of Par Pacific Holdings' four analysts has provided estimates out to 2022, which can be seen for free on our platform here.
Another way to search for interesting companies that could be reaching an inflection point is to track whether management are buying or selling, with our free list of growing companies 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.
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