Dubai Taxi Company P.J.S.C. Just Missed Earnings - But Analysts Have Updated Their Models

Dubai Taxi Company P.J.S.C. (DFM:DTC) missed earnings with its latest first-quarter results, disappointing overly-optimistic forecasters. Unfortunately, Dubai Taxi Company P.J.S.C delivered a serious earnings miss. Revenues of د.إ588m were 12% below expectations, and statutory earnings per share of د.إ0.034 missed estimates by 38%. 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. We've gathered the most recent statutory forecasts to see whether the analysts have changed their earnings models, following these results.

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Taking into account the latest results, the consensus forecast from Dubai Taxi Company P.J.S.C's five analysts is for revenues of د.إ2.40b in 2025. This reflects a satisfactory 8.0% improvement in revenue compared to the last 12 months. Statutory earnings per share are predicted to leap 28% to د.إ0.16. In the lead-up to this report, the analysts had been modelling revenues of د.إ2.56b and earnings per share (EPS) of د.إ0.18 in 2025. From this we can that sentiment has definitely become more bearish after the latest results, leading to lower revenue forecasts and a substantial drop in earnings per share estimates.

View our latest analysis for Dubai Taxi Company P.J.S.C

Despite the cuts to forecast earnings, there was no real change to the د.إ2.96 price target, showing that the analysts don't think the changes have a meaningful impact on its intrinsic value. There's another way to think about price targets though, and that's to look at the range of price targets put forward by analysts, because a wide range of estimates could suggest a diverse view on possible outcomes for the business. The most optimistic Dubai Taxi Company P.J.S.C analyst has a price target of د.إ3.10 per share, while the most pessimistic values it at د.إ2.85. This is a very narrow spread of estimates, implying either that Dubai Taxi Company P.J.S.C is an easy company to value, or - more likely - the analysts are relying heavily on some key assumptions.

These estimates are interesting, but it can be useful to paint some more broad strokes when seeing how forecasts compare, both to the Dubai Taxi Company P.J.S.C's past performance and to peers in the same industry. We can infer from the latest estimates that forecasts expect a continuation of Dubai Taxi Company P.J.S.C'shistorical trends, as the 11% annualised revenue growth to the end of 2025 is roughly in line with the 9.6% annual growth over the past year. By contrast, our data suggests that other companies (with analyst coverage) in a similar industry are forecast to see their revenues grow 3.6% per year. So it's pretty clear that Dubai Taxi Company P.J.S.C is forecast to grow substantially faster than its industry.

The Bottom Line

The biggest concern is that the analysts reduced their earnings per share estimates, suggesting business headwinds could lay ahead for Dubai Taxi Company P.J.S.C. They also downgraded Dubai Taxi Company P.J.S.C's revenue estimates, but industry data suggests that it is expected to grow faster than the wider industry. There was no real change to the consensus price target, suggesting that the intrinsic value of the business has not undergone any major changes with the latest estimates.

Keeping that in mind, we still think that the longer term trajectory of the business is much more important for investors to consider. At Simply Wall St, we have a full range of analyst estimates for Dubai Taxi Company P.J.S.C going out to 2027, and you can see them free on our platform here..

It is also worth noting that we have found 3 warning signs for Dubai Taxi Company P.J.S.C (2 are concerning!) that you need to take into consideration.

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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.