Analysts Have Made A Financial Statement On Adani Ports and Special Economic Zone Limited's (NSE:ADANIPORTS) First-Quarter Report
Adani Ports and Special Economic Zone Limited (NSE:ADANIPORTS) shareholders are probably feeling a little disappointed, since its shares fell 4.1% to ₹1,697 in the week after its latest first-quarter results. Adani Ports and Special Economic Zone beat revenue expectations by 2.1%, at ₹108b. Statutory earnings per share (EPS) came in at ₹15.71, some 2.2% short of analyst estimates. This is an important time for investors, as they can track a company's performance in its report, look at what experts are forecasting for next year, and see if there has been any change to expectations for the business. Readers will be glad to know we've aggregated the latest statutory forecasts to see whether the analysts have changed their mind on Adani Ports and Special Economic Zone after the latest results.
Taking into account the latest results, the current consensus from Adani Ports and Special Economic Zone's 25 analysts is for revenues of ₹447.8b in 2027. This would reflect a decent 11% increase on its revenue over the past 12 months. Per-share earnings are expected to climb 16% to ₹65.76. Yet prior to the latest earnings, the analysts had been anticipated revenues of ₹444.6b and earnings per share (EPS) of ₹64.87 in 2027. The consensus analysts don't seem to have seen anything in these results that would have changed their view on the business, given there's been no major change to their estimates.
See our latest analysis for Adani Ports and Special Economic Zone
The analysts reconfirmed their price target of ₹2,015, showing that the business is executing well and in line with expectations. It could also be instructive to look at the range of analyst estimates, to evaluate how different the outlier opinions are from the mean. There are some variant perceptions on Adani Ports and Special Economic Zone, with the most bullish analyst valuing it at ₹2,200 and the most bearish at ₹1,766 per share. With such a narrow range of valuations, the analysts apparently share similar views on what they think the business is worth.
Another way we can view these estimates is in the context of the bigger picture, such as how the forecasts stack up against past performance, and whether forecasts are more or less bullish relative to other companies in the industry. We would highlight that Adani Ports and Special Economic Zone's revenue growth is expected to slow, with the forecast 15% annualised growth rate until the end of 2027 being well below the historical 21% p.a. growth over the last five years. Juxtapose this against the other companies in the industry with analyst coverage, which are forecast to grow their revenues (in aggregate) 6.0% per year. Even after the forecast slowdown in growth, it seems obvious that Adani Ports and Special Economic Zone is also expected to grow faster than the wider industry.
The Bottom Line
The most important thing to take away is that there's been no major change in sentiment, with the analysts reconfirming that the business is performing in line with their previous earnings per share estimates. Happily, there were no major changes to revenue forecasts, with the business still expected to grow faster than the wider industry. The consensus price target held steady at ₹2,015, with the latest estimates not enough to have an impact on their price targets.
With that said, the long-term trajectory of the company's earnings is a lot more important than next year. We have estimates - from multiple Adani Ports and Special Economic Zone analysts - going out to 2029, and you can see them free on our platform here.
You still need to take note of risks, for example - Adani Ports and Special Economic Zone has 2 warning signs we think you should be aware of.
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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.