New Forecasts: Here's What Analysts Think The Future Holds For Bellevue Gold Limited (ASX:BGL)
Bellevue Gold Limited (ASX:BGL) shareholders will have a reason to smile today, with the analysts making substantial upgrades to this year's statutory forecasts. The consensus statutory numbers for both revenue and earnings per share (EPS) increased, with their view clearly much more bullish on the company's business prospects.
After the upgrade, the nine analysts covering Bellevue Gold are now predicting revenues of AU$779m in 2026. If met, this would reflect a substantial 97% improvement in sales compared to the last 12 months. The losses are expected to disappear over the next year or so, with forecasts for a profit of AU$0.12 per share this year. Before this latest update, the analysts had been forecasting revenues of AU$708m and earnings per share (EPS) of AU$0.089 in 2026. 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.
View our latest analysis for Bellevue Gold
Although the analysts have upgraded their earnings estimates, there was no change to the consensus price target of AU$1.47, suggesting that the forecast performance does not have a long term impact on the company's valuation.
These estimates are interesting, but it can be useful to paint some more broad strokes when seeing how forecasts compare, both to the Bellevue Gold's past performance and to peers in the same industry. The period to the end of 2026 brings more of the same, according to the analysts, with revenue forecast to display 97% growth on an annualised basis. That is in line with its 84% annual growth over the past five years. Compare this with the broader industry, which analyst estimates (in aggregate) suggest will see revenues grow 7.3% annually. So although Bellevue Gold is expected to maintain its revenue growth rate, it's definitely expected to grow faster than the wider industry.
The Bottom Line
The biggest takeaway for us from these new estimates is that analysts upgraded their earnings per share estimates, with improved earnings power expected for this year. They also upgraded their revenue estimates for this year, and sales are expected to grow faster than the wider market. The lack of change in the price target is puzzling, but with a serious upgrade to this year's earnings expectations, it might be time to take another look at Bellevue Gold.
Even so, the longer term trajectory of the business is much more important for the value creation of shareholders. We have estimates - from multiple Bellevue Gold analysts - going out to 2028, and you can see them free on our platform here.
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 with high insider ownership.
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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.