C. E. Info Systems Limited Earnings Missed Analyst Estimates: Here's What Analysts Are Forecasting Now
As you might know, C. E. Info Systems Limited (NSE:MAPMYINDIA) last week released its latest second-quarter, and things did not turn out so great for shareholders. Results showed a clear earnings miss, with ₹1.3b revenue coming in 4.9% lower than what the analystsexpected. Statutory earnings per share (EPS) of ₹6.38 missed the mark badly, arriving some 26% below what was expected. The analysts typically update their forecasts at each earnings report, and we can judge from their estimates whether their view of the company has changed or if there are any new concerns to be aware of. So we gathered the latest post-earnings forecasts to see what estimates suggest is in store for next year.
Taking into account the latest results, the current consensus from C. E. Info Systems' five analysts is for revenues of ₹6.07b in 2027. This would reflect a notable 16% increase on its revenue over the past 12 months. Per-share earnings are expected to swell 17% to ₹33.00. Before this earnings report, the analysts had been forecasting revenues of ₹6.07b and earnings per share (EPS) of ₹33.00 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.
Check out our latest analysis for C. E. Info Systems
There were no changes to revenue or earnings estimates or the price target of ₹1,184, suggesting that the company has met expectations in its recent result. It could also be instructive to look at the range of analyst estimates, to evaluate how different the outlier opinions are from the mean. Currently, the most bullish analyst values C. E. Info Systems at ₹1,500 per share, while the most bearish prices it at ₹855. These price targets show that analysts do have some differing views on the business, but the estimates do not vary enough to suggest to us that some are betting on wild success or utter failure.
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. It's clear from the latest estimates that C. E. Info Systems' rate of growth is expected to accelerate meaningfully, with the forecast 35% annualised revenue growth to the end of 2027 noticeably faster than its historical growth of 20% p.a. over the past five years. By contrast, our data suggests that other companies (with analyst coverage) in a similar industry are forecast to grow their revenue at 11% per year. It seems obvious that, while the growth outlook is brighter than the recent past, the analysts also expect C. E. Info Systems to grow faster than the wider industry.
The Bottom Line
The most obvious conclusion is that there's been no major change in the business' prospects in recent times, with the analysts holding their earnings forecasts steady, in line with previous estimates. Fortunately, they also reconfirmed their revenue numbers, suggesting that it's tracking in line with expectations. Additionally, our data suggests that revenue is expected to grow faster than the wider industry. The consensus price target held steady at ₹1,184, with the latest estimates not enough to have an impact on their price targets.
Following on from that line of thought, we think that the long-term prospects of the business are much more relevant than next year's earnings. We have estimates - from multiple C. E. Info Systems analysts - going out to 2029, and you can see them free on our platform here.
You can also see our analysis of C. E. Info Systems' Board and CEO remuneration and experience, and whether company insiders have been buying stock.
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