Shareholders in PSC Insurance Group Limited (ASX:PSI) may be thrilled to learn that the analysts have just delivered a major upgrade to their near-term forecasts. The consensus estimated revenue numbers rose, with their view now clearly much more bullish on the company’s business prospects.

Following the upgrade, the most recent consensus for PSC Insurance Group from its three analysts is for revenues of AU$200m in 2021 which, if met, would be a solid 15% increase on its sales over the past 12 months. Prior to the latest estimates, the analysts were forecasting revenues of AU$173m in 2021. The consensus has definitely become more optimistic, showing a decent improvement in revenue forecasts.

Check out our latest analysis for PSC Insurance Group

earnings-and-revenue-growth
earnings-and-revenue-growth

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 pretty clear that there is an expectation that PSC Insurance Group’s revenue growth will slow down substantially, with revenues next year expected to grow 15%, compared to a historical growth rate of 22% over the past five years. By contrast, our data suggests that other companies (with analyst coverage) in a similar industry are forecast to see their revenue shrink 0.8% per year. So it’s clear that despite the slowdown in growth, PSC Insurance Group is still expected to grow meaningfully faster than the wider industry.

The Bottom Line

The most important thing to take away from this upgrade is that analysts lifted their revenue estimates for this year. Analysts also expect revenues to perform better than the wider market. Seeing the dramatic upgrade to this year’s forecasts, it might be time to take another look at PSC Insurance Group.

Analysts are clearly in love with PSC Insurance

LONDON–(BUSINESS WIRE)–The Global Workers Compensation Insurance Services market will register an incremental spend of about $42 billion, growing at a CAGR of 3.65% during the five-year forecast period. A targeted strategic approach to Global Workers Compensation Insurance Services sourcing can unlock several opportunities for buyers. This report also offers market impact and new opportunities created due to the COVID-19 pandemic. Request free sample pages

Key benefits to buy this report:

  • What are the market dynamics?
  • What are the key market trends?
  • What are the category growth drivers?
  • What are the constraints on category growth?
  • Who are the suppliers in this market?
  • What are the demand-supply shifts?
  • What are the major category requirements?
  • What are the procurement best practices in this market?

Information on Latest Trends and Supply Chain Market Information Knowledge centre on COVID-19 impact assessment

SpendEdge’s reports now include an in-depth complimentary analysis of the COVID-19 impact on procurement and the latest market data to help your company overcome sourcing challenges. Our Global Workers Compensation Insurance Services market procurement intelligence report offers actionable procurement intelligence insights, sourcing strategies, and action plans to mitigate risks arising out of the current pandemic situation. The insights offered by our reports will help procurement professionals streamline supply chain operations and gain insights into the best procurement practices to mitigate losses.

Insights into buyer strategies and tactical negotiation levers:

Several strategic and tactical negotiation levers are explained in the report to help buyers achieve the best prices for Global Workers Compensation Insurance Services market. The report also aids buyers with relevant Global Workers Compensation Insurance Services pricing levels, pros and cons of prevalent pricing models such as volume-based pricing, spot pricing, and cost-plus pricing and category management strategies and best practices to fulfil their category objectives.

For more insights on buyer