Industry Analysts Just Upgraded Their Gulfport Energy Corporation (NYSE:GPOR) Revenue Forecasts By 13%

Simply Wall St
·2 min read

Celebrations may be in order for Gulfport Energy Corporation (NYSE:GPOR) shareholders, with the analysts delivering a significant upgrade to their statutory estimates for the company. The revenue forecast for this year has experienced a facelift, with analysts now much more optimistic on its sales pipeline. Investors have been pretty optimistic on Gulfport Energy too, with the stock up 14% to US$99.99 over the past week. Could this upgrade be enough to drive the stock even higher?

Following the upgrade, the consensus from two analysts covering Gulfport Energy is for revenues of US$1.5b in 2022, implying a painful 26% decline in sales compared to the last 12 months. Before the latest update, the analysts were foreseeing US$1.3b of revenue in 2022. The consensus has definitely become more optimistic, showing a solid increase in revenue forecasts.

See our latest analysis for Gulfport Energy

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

Of course, another way to look at these forecasts is to place them into context against the industry itself. These estimates imply that sales are expected to slow, with a forecast annualised revenue decline of 45% by the end of 2022. This indicates a significant reduction from annual growth of 4.4% over the last five years. Yet aggregate analyst estimates for other companies in the industry suggest that industry revenues are forecast to decline 6.1% per year. So it's pretty clear that Gulfport Energy's revenues are expected to shrink faster than the wider industry.

The Bottom Line

The highlight for us was that analysts increased their revenue forecasts for Gulfport Energy this year. The analysts also expect revenues to shrink 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 Gulfport Energy.

It's great to see the analysts upgrading their estimates, but the biggest highlight to us is that the business is expected to become profitable in the foreseeable future. For more information, you can click through to our free platform to learn more about these forecasts.

Of course, seeing company management invest large sums of money in a stock can be just as useful as knowing whether analysts are upgrading their estimates. So you may also wish to search this free list of stocks 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.

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