Posted today, 4hrs ago.
Following the upgrade, the current consensus from Zoono Group’s sole analyst is for revenues of NZ$38m in 2020 which – if met – would reflect a substantial increase on its sales over the past 12 months. The losses are expected to disappear over the next year or so, with forecasts for a profit of NZ$0.067 per share this year. Previously, the analyst had been modelling revenues of NZ$25m and earnings per share (EPS) of NZ$0.044 in 2020. 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 analyst has increased their price target for Zoono Group 12% to NZ$3.88 on the back of these upgrades.
https://**.st/stocks/au/materials/asx-zno/zoono-group-shares/news/zoono-group-limiteds-asxzno-sole-analyst-just-made-a-huge-upgrade-to-their-forecasts/
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