The analysts covering accesso Technology Group plc (LON:ACSO) delivered a dose of negativity to shareholders today, by making a substantial revision to their statutory forecasts for this year. Revenue estimates were cut sharply as the analysts signalled a weaker outlook – perhaps a sign that investors should temper their expectations as well.
After the downgrade, the two analysts covering accesso Technology Group are now predicting revenues of US$73m in 2021. If met, this would reflect a huge 30% improvement in sales compared to the last 12 months. Prior to the latest estimates, the analysts were forecasting revenues of US$85m in 2021. The consensus view seems to have become more pessimistic on accesso Technology Group, noting the measurable cut to revenue estimates in this update.
Check out our latest analysis for accesso Technology Group
We’d point out that there was no major changes to their price target of UK£7.26, suggesting the latest estimates were not enough to shift their view on the value of the…
