International Personal Finance plc (LON:IPF) Analysts Just Cut Their EPS Forecasts Substantially

Advertisement

BEGIN ARTICLE PREVIEW:

View photosOne thing we could say about the analysts on International Personal Finance plc (LON:IPF) – they aren’t optimistic, having just made a major negative revision to their near-term (statutory) forecasts for the organization. Both revenue and earnings per share (EPS) estimates were cut sharply as the analysts factored in the latest outlook for the business, concluding that they were too optimistic previously.Following the downgrade, the consensus from three analysts covering International Personal Finance is for revenues of UK£673m in 2020, implying a chunky 16% decline in sales compared to the last 12 months. Losses are supposed to balloon 244% to UK£0.35 per share. However, before this estimates update, the consensus had been expecting revenues of UK£782m and UK£0.31 per share in losses. Ergo, there’s been a clear change in sentiment, with the analysts administering a notable cut to this year’s revenue estimates, while at the same time increasing their loss per share forecasts. See our latest analysis for International Personal Finance earnings-and-revenue-growthMoreThe consensus price target fell 8.2% to UK£2.02, with the analysts clearly concerned about the company following the weaker revenue and earnings outlook. There’s another way to think about price targets though, and that’s to look at the range …

END ARTICLE PREVIEW

READ MORE FROM SOURCE ARTICLE