Yahoo Finance Bullish: Analysts Just Made A Massive Upgrade To Their D-Market Elektronik Hizmetler ve Ticaret A.S. (NASDAQ:HEPS) Forecasts
Shareholders in D-Market Elektronik Hizmetler ve Ticaret A.S. (NASDAQ:HEPS) may be thrilled to learn that the analysts have just delivered a major upgrade to their near-term 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. The market may be pricing in some blue sky too, with the share price gaining 13% to US$2.21 in the last 7 days. We'll be curious to see if these new estimates convince the market to lift the stock price higher still.
After this upgrade, D-Market Elektronik Hizmetler ve Ticaret's three analysts are now forecasting revenues of ₺50b in 2024. This would be a sizeable 28% improvement in sales compared to the last 12 months. Per-share earnings are expected to leap 558% to ₺5.52. Previously, the analysts had been modelling revenues of ₺45b and earnings per share (EPS) of ₺2.55 in 2024. There has definitely been an improvement in perception recently, with the analysts substantially increasing both their earnings and revenue estimates.
See our latest analysis for D-Market Elektronik Hizmetler ve Ticaret
With these upgrades, we're not surprised to see that the analysts have lifted their price target 5.6% to ₺114 per share. That's not the only conclusion we can draw from this data however, as some investors also like to consider the spread in estimates when evaluating analyst price targets. The most optimistic D-Market Elektronik Hizmetler ve Ticaret analyst has a price target of ₺152 per share, while the most pessimistic values it at ₺90.47. This shows there is still some diversity in estimates, but analysts don't appear to be totally split on the stock as though it might be a success or failure situation.
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. It's pretty clear that there is an expectation that D-Market Elektronik Hizmetler ve Ticaret's revenue growth will slow down substantially, with revenues to the end of 2024 expected to display 28% growth on an annualised basis. This is compared to a historical growth rate of 54% over the past three years. By way of comparison, the other companies in this industry with analyst coverage are forecast to grow their revenue at 11% annually. So it's pretty clear that, while D-Market Elektronik Hizmetler ve Ticaret's revenue growth is expected to slow, it's still expected to grow faster than the industry itself.
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. They also upgraded their revenue estimates for this year, and sales are expected to grow faster than the wider market. Given that the consensus looks almost universally bullish, with a substantial increase to forecasts and a higher price target, D-Market Elektronik Hizmetler ve Ticaret could be worth investigating further.
Still, the long-term prospects of the business are much more relevant than next year's earnings. At Simply Wall St, we have a full range of analyst estimates for D-Market Elektronik Hizmetler ve Ticaret going out to 2026, and you can see them free on our platform 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.
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