QTRH a big upgrade from analysts Analysts Are Betting On Quarterhill Inc. (TSE:QTRH) With A Big Upgrade This Week
Celebrations may be in order for Quarterhill Inc. (TSE:QTRH) shareholders, with the analysts delivering a significant upgrade to their statutory estimates for the company. The analysts have sharply increased their revenue numbers, with a view that Quarterhill will make substantially more sales than they'd previously expected. It will be interesting to see if the latest numbers are enough to change investors' appetite for Quarterhill. Shares are down 5.3% to CA$2.14 in the last 7 days. Following the upgrade, the latest consensus from Quarterhill's five analysts is for revenues of CA$361m in 2022, which would reflect a major 187% improvement in sales compared to the last 12 months. Prior to the latest estimates, the analysts were forecasting revenues of CA$319m in 2022. It looks like there's been a clear increase in optimism around Quarterhill, given the nice increase in revenue forecasts.
https://finance.yahoo.com/news/analysts-betting-quarterhill-inc-tse-125253124.html