Loma Negra Compañía Industrial Argentina Sociedad Anónima (NYSE:LOMA) shareholders will have a reason to smile today, with the analysts making substantial upgrades to this year's forecasts. Consensus estimates suggest investors could expect greatly increased statutory revenues and earnings per share, with analysts modelling a real improvement in business performance.
Following the upgrade, the most recent consensus for Loma Negra Compañía Industrial Argentina Sociedad Anónima from its three analysts is for revenues of AR$698b in 2024 which, if met, would be a huge 65% increase on its sales over the past 12 months. Statutory earnings per share are presumed to shoot up 1,264% to AR$1,205. Before this latest update, the analysts had been forecasting revenues of AR$592b and earnings per share (EPS) of AR$735 in 2024. 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.
It will come as no surprise to learn that the analysts have increased their price target for Loma Negra Compañía Industrial Argentina Sociedad Anónima 11% to US$7.56 on the back of these upgrades.
One way to get more context on these forecasts is to look at how they compare to both past performance, and how other companies in the same industry are performing. It's clear from the latest estimates that Loma Negra Compañía Industrial Argentina Sociedad Anónima's rate of growth is expected to accelerate meaningfully, with the forecast 65% annualised revenue growth to the end of 2024 noticeably faster than its historical growth of 38% p.a. over the past five years. By contrast, our data suggests that other companies (with analyst coverage) in a similar industry are forecast to grow their revenue at 6.0% per year. It seems obvious that, while the growth outlook is brighter than the recent past, the analysts also expect Loma Negra Compañía Industrial Argentina Sociedad Anónima to grow faster than the wider industry.
The Bottom Line
The biggest takeaway for us from these new estimates is that analysts upgraded their earnings per share estimates, with improved earnings power expected for this year. They also upgraded their revenue estimates for this year, and sales are expected to grow faster than the wider market. With a serious upgrade to expectations and a rising price target, it might be time to take another look at Loma Negra Compañía Industrial Argentina Sociedad Anónima.
Even so, the longer term trajectory of the business is much more important for the value creation of shareholders. At Simply Wall St, we have a full range of analyst estimates for Loma Negra Compañía Industrial Argentina Sociedad Anónima going out to 2026, 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.
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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.