Dubai Taxi Company P.J.S.C. Just Missed EPS By 18%: Here's What Analysts Think Will Happen Next

As you might know, Dubai Taxi Company P.J.S.C. (DFM:DTC) last week released its latest third-quarter, and things did not turn out so great for shareholders. Dubai Taxi Company P.J.S.C missed earnings this time around, with د.إ585m revenue coming in 3.2% below what the analysts had modelled. Statutory earnings per share (EPS) of د.إ0.031 also fell short of expectations by 18%. 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. Readers will be glad to know we've aggregated the latest statutory forecasts to see whether the analysts have changed their mind on Dubai Taxi Company P.J.S.C after the latest results.

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Taking into account the latest results, the consensus forecast from Dubai Taxi Company P.J.S.C's seven analysts is for revenues of د.إ2.69b in 2026. This reflects a decent 12% improvement in revenue compared to the last 12 months. Per-share earnings are expected to grow 15% to د.إ0.16. In the lead-up to this report, the analysts had been modelling revenues of د.إ2.70b and earnings per share (EPS) of د.إ0.16 in 2026. So it's pretty clear that, although the analysts have updated their estimates, there's been no major change in expectations for the business following the latest results.

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

The analysts reconfirmed their price target of د.إ3.08, showing that the business is executing well and in line with expectations. The consensus price target is just an average of individual analyst targets, so - it could be handy to see how wide the range of underlying estimates is. Currently, the most bullish analyst values Dubai Taxi Company P.J.S.C at د.إ3.30 per share, while the most bearish prices it at د.إ2.60. Even so, with a relatively close grouping of estimates, it looks like the analysts are quite confident in their valuations, suggesting Dubai Taxi Company P.J.S.C is an easy business to forecast or the the analysts are all using similar assumptions.

Of course, another way to look at these forecasts is to place them into context against the industry itself. It's pretty clear that there is an expectation that Dubai Taxi Company P.J.S.C's revenue growth will slow down substantially, with revenues to the end of 2026 expected to display 9.5% growth on an annualised basis. This is compared to a historical growth rate of 15% over the past five years. Juxtapose this against the other companies in the industry with analyst coverage, which are forecast to grow their revenues (in aggregate) 3.0% per year. Even after the forecast slowdown in growth, it seems obvious that Dubai Taxi Company P.J.S.C 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 د.إ3.08, 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. 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..

You still need to take note of risks, for example - Dubai Taxi Company P.J.S.C 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.