Upgraded broker forecasts are now out following on from Carr’s Milling (CRM) trading statement on January 11th. As I forecast last September in this post the numbers have moved up considerably.

Back then Carr’s were forecast by Investec to generate Earnings Per Share of 70p in 2011, now they are predicting 78p. WH Ireland are even more bullish and reckon 82.5p for 2011, increasing to 86.7p in 2012.

With Carr’s share price at 680p to buy I think they are even better value now than when I first posted on them back in September when they were 600p to buy. Given management’s confidence so early in the financial year I wouldn’t be surprised to see further upgrades as the year progresses.