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Lazydays Holdings, Inc. (NASDAQ:LAZY) shareholders will have a reason to smile today, with the covering analyst making substantial upgrades to this year's statutory forecasts. 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. Lazydays Holdings has also found favour with investors, with the stock up a notable 14% to US$23.51 over the past week. Could this upgrade be enough to drive the stock even higher?
Following the upgrade, the latest consensus from Lazydays Holdings' one analyst is for revenues of US$991m in 2021, which would reflect a huge 21% improvement in sales compared to the last 12 months. Per-share earnings are expected to jump 125% to US$3.50. Prior to this update, the analyst had been forecasting revenues of US$850m and earnings per share (EPS) of US$1.94 in 2021. There has definitely been an improvement in perception recently, with the analyst substantially increasing both their earnings and revenue estimates.
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. The analyst is definitely expecting Lazydays Holdings' growth to accelerate, with the forecast 21% annualised growth to the end of 2021 ranking favourably alongside historical growth of 8.4% per annum over the past three years. By contrast, our data suggests that other companies (with analyst coverage) in a similar industry are forecast to grow their revenue at 11% per year. Factoring in the forecast acceleration in revenue, it's pretty clear that Lazydays Holdings is expected to grow much faster than its industry.
The Bottom Line
The biggest takeaway for us from these new estimates is that the analyst upgraded their earnings per share estimates, with improved earnings power expected for this year. Fortunately, the analyst also upgraded their revenue estimates, and our data indicates sales are expected to perform better than the wider market. More bullish expectations could be a signal for investors to take a closer look at Lazydays Holdings.
Even so, the longer term trajectory of the business is much more important for the value creation of shareholders. We have analyst estimates for Lazydays Holdings going out as far as 2022, and you can see them free on our platform here.
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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