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Proficient Auto Logistics, Inc. (NASDAQ:PAL) shareholders will have a reason to smile today, with the analysts making substantial upgrades to this year's forecasts. The revenue forecast for this year has experienced a facelift, with analysts now much more optimistic on its sales pipeline. Proficient Auto Logistics has been on the receiving end of some selling recently, which could revert quickly if today's upgrade can attract new buyers. The share price of US$7.22 reflects the 12% fall in the past week.
After the upgrade, the four analysts covering Proficient Auto Logistics are now predicting revenues of US$487m in 2025. If met, this would reflect a sizeable 102% 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 US$0.26 per share this year. Before this latest update, the analysts had been forecasting revenues of US$422m and earnings per share (EPS) of US$0.24 in 2025. The forecasts seem more optimistic now, with a decent improvement in revenue and a small increase to earnings per share estimates.
See our latest analysis for Proficient Auto Logistics
Although the analysts have upgraded their earnings estimates, there was no change to the consensus price target of US$16.00, suggesting that the forecast performance does not have a long term impact on the company's valuation.
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. Seeing the dramatic upgrade to this year's forecasts, it might be time to take another look at Proficient Auto Logistics.
Even so, the longer term trajectory of the business is much more important for the value creation of shareholders. At Simply Wall St, we have a full range of analyst estimates for Proficient Auto Logistics going out to 2026, and you can see them free on our platform here. .
Another way to search for interesting companies that could be reaching an inflection point is to track whether management are buying or selling, with our free list of growing companies backed by insiders.
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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.