Yahoo Finance Analysts Just Published A Bright New Outlook For Thor Explorations Ltd.'s (CVE:THX)
Shareholders in Thor Explorations Ltd. (CVE:THX) may be thrilled to learn that the analysts have just delivered a major upgrade to their near-term 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 latest consensus from Thor Explorations' dual analysts is for revenues of US$211m in 2024, which would reflect a huge 49% improvement in sales compared to the last 12 months. Statutory earnings per share are presumed to jump 410% to US$0.084. Before this latest update, the analysts had been forecasting revenues of US$190m and earnings per share (EPS) of US$0.06 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.
View our latest analysis for Thor Explorations
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. We would highlight that Thor Explorations' revenue growth is expected to slow, with the forecast 49% annualised growth rate until the end of 2024 being well below the historical 78% p.a. growth over the last five years. By way of comparison, the other companies in this industry with analyst coverage are forecast to grow their revenue at 15% annually. Even after the forecast slowdown in growth, it seems obvious that Thor Explorations is also expected 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. More bullish expectations could be a signal for investors to take a closer look at Thor Explorations.
With that said, the long-term trajectory of the company's earnings is a lot more important than next year. We have analyst estimates for Thor Explorations going out as far as 2026, and you can see them 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.
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
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.
