One thing we could say about the analysts on Jianpu Technology Inc. (NYSE:JT) – they aren’t optimistic, having just made a major negative revision to their near-term (statutory) forecasts for the organization. This report focused on revenue estimates, and it looks as though the consensus view of the business has become substantially more conservative.
Following the downgrade, the most recent consensus for Jianpu Technology from its three analysts is for revenues of CN¥2.5b in 2020 which, if met, would be a substantial 51% increase on its sales over the past 12 months. Before the latest update, the analysts were foreseeing CN¥2.9b of revenue in 2020. The consensus view seems to have become more pessimistic on Jianpu Technology, noting the substantial drop in revenue estimates in this