HELLENiQ ENERGY Holdings S.A. (ATH:ELPE) shareholders will have a reason to smile today, with the analysts making substantial upgrades to this year's forecasts. The analysts greatly increased their revenue estimates, suggesting a stark improvement in business fundamentals. The market may be pricing in some blue sky too, with the share price gaining 12% to €17.86 in the last 7 days. Could this upgrade be enough to drive the stock even higher?
Following the upgrade, the most recent consensus for HELLENiQ ENERGY Holdings from its seven analysts is for revenues of €15b in 2026 which, if met, would be a solid 12% increase on its sales over the past 12 months. Per-share earnings are expected to shoot up 21% to €4.14. Previously, the analysts had been modelling revenues of €13b and earnings per share (EPS) of €2.51 in 2026. So we can see there's been a pretty clear increase in analyst sentiment in recent times, with both revenues and earnings per share receiving a decent lift in the latest estimates.
View our latest analysis for HELLENiQ ENERGY Holdings
With these upgrades, we're not surprised to see that the analysts have lifted their price target 13% to €13.58 per share.
Looking at the bigger picture now, one of the ways we can make sense of these forecasts is to see how they measure up against both past performance and industry growth estimates. The analysts are definitely expecting HELLENiQ ENERGY Holdings' growth to accelerate, with the forecast 25% annualised growth to the end of 2026 ranking favourably alongside historical growth of 4.5% per annum over the past five years. By contrast, our data suggests that other companies (with analyst coverage) in the same industry are forecast to see their revenue shrink 1.6% per year. It seems obvious that as part of the brighter growth outlook, HELLENiQ ENERGY Holdings is expected to grow faster than the wider industry.
The Bottom Line
The most important thing to take away from this upgrade is that analysts upgraded their earnings per share estimates for this year, expecting improving business conditions. Fortunately, they also upgraded their revenue estimates, and our data indicates sales are expected to perform better than the wider market. With a serious upgrade to expectations and a rising price target, it might be time to take another look at HELLENiQ ENERGY Holdings.
Analysts are clearly in love with HELLENiQ ENERGY Holdings at the moment, but before diving in - you should be aware that we've identified some warning flags with the business, such as a weak balance sheet. You can learn more, and discover the 2 other flags we've identified, for free on our platform here.
We also provide an overview of the HELLENiQ ENERGY Holdings Board and CEO remuneration and length of tenure at the company, and whether insiders have been buying the stock, here.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. 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.