Earnings Miss: Bharat Forge Limited Missed EPS By 16% And Analysts Are Revising Their Forecasts

As you might know, Bharat Forge Limited (NSE:BHARATFORG) last week released its latest yearly, and things did not turn out so great for shareholders. It wasn't a great result overall - while revenue fell marginally short of analyst estimates at ₹151b, statutory earnings missed forecasts by 16%, coming in at just ₹20.05 per share. 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 Bharat Forge after the latest results.

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Taking into account the latest results, the current consensus from Bharat Forge's 23 analysts is for revenues of ₹163.3b in 2026. This would reflect a decent 8.0% increase on its revenue over the past 12 months. Statutory earnings per share are predicted to jump 48% to ₹29.14. Before this earnings report, the analysts had been forecasting revenues of ₹163.2b and earnings per share (EPS) of ₹29.28 in 2026. 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 Bharat Forge

There were no changes to revenue or earnings estimates or the price target of ₹1,195, suggesting that the company has met expectations in its recent result. Fixating on a single price target can be unwise though, since the consensus target is effectively the average of analyst price targets. As a result, some investors like to look at the range of estimates to see if there are any diverging opinions on the company's valuation. Currently, the most bullish analyst values Bharat Forge at ₹1,802 per share, while the most bearish prices it at ₹881. Note the wide gap in analyst price targets? This implies to us that there is a fairly broad range of possible scenarios for the underlying business.

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 pretty clear that there is an expectation that Bharat Forge's revenue growth will slow down substantially, with revenues to the end of 2026 expected to display 8.0% growth on an annualised basis. This is compared to a historical growth rate of 20% over the past five years. Compare this to the 130 other companies in this industry with analyst coverage, which are forecast to grow their revenue at 9.0% per year. So it's pretty clear that, while Bharat Forge's revenue growth is expected to slow, it's expected to grow roughly in line with the 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 real changes to revenue forecasts, with the business still expected to grow in line with the overall industry. The consensus price target held steady at ₹1,195, 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 Bharat Forge analysts - going out to 2028, and you can see them free on our platform here.

Plus, you should also learn about the 2 warning signs we've spotted with Bharat Forge .

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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.