Shareholders in Orora Limited (ASX:ORA) may be thrilled to learn that the analysts have just delivered a major upgrade to their near-term forecasts. The revenue forecast for this year has experienced a facelift, with analysts now much more optimistic on its sales pipeline.

Following the upgrade, the current consensus from Orora's seven analysts is for revenues of AU$5.0b in 2024 which - if met - would reflect a decent 17% increase on its sales over the past 12 months. Prior to the latest estimates, the analysts were forecasting revenues of AU$4.3b in 2024. The consensus has definitely become more optimistic, showing a decent improvement in revenue forecasts.

See our latest analysis for Orora  earnings-and-revenue-growth

There was no particular change to the consensus price target of AU$3.35, with Orora's latest outlook seemingly not enough to result in a change of valuation.

Another way we can view these estimates is in the context of the bigger picture, such as how the forecasts stack up against past performance, and whether forecasts are more or less bullish relative to other companies in the industry. It's clear from the latest estimates that Orora's rate of growth is expected to accelerate meaningfully, with the forecast 17% annualised revenue growth to the end of 2024 noticeably faster than its historical growth of 2.2% p.a. over the past five years. Compare this with other companies in the same industry, which are forecast to grow their revenue 3.9% annually. It seems obvious that, while the growth outlook is brighter than the recent past, the analysts also expect Orora to grow faster than the wider industry.

The Bottom Line

The highlight for us was that analysts increased their revenue forecasts for Orora this year. The analysts also expect revenues to grow faster than the wider market. Given that analysts appear to be expecting substantial improvement in the sales pipeline, now could be the right time to take another look at Orora.



Hungry for more information? At least one of Orora's seven analysts has provided estimates out to 2026, which can be seen for free  on our platform here.

We also provide an overview of the Orora Board and CEO remuneration and length of tenure at the company, and whether insiders have been buying the stock,  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.