The Garware Technical Fibres Limited (NSE:GARFIBRES) Third-Quarter Results Are Out And Analysts Have Published New Forecasts

Last week, you might have seen that Garware Technical Fibres Limited (NSE:GARFIBRES) released its third-quarter result to the market. The early response was not positive, with shares down 7.7% to ₹767 in the past week. Garware Technical Fibres reported in line with analyst predictions, delivering revenues of ₹3.5b and statutory earnings per share of ₹20.43, suggesting the business is executing well and in line with its plan. Earnings are an important time for investors, as they can track a company's performance, look at what the analysts are forecasting for next year, and see if there's been a change in sentiment towards the company. We thought readers would find it interesting to see the analysts latest (statutory) post-earnings forecasts for next year.

View our latest analysis for Garware Technical Fibres

Taking into account the latest results, the consensus forecast from Garware Technical Fibres' dual analysts is for revenues of ₹17.3b in 2026. This reflects a meaningful 16% improvement in revenue compared to the last 12 months. Per-share earnings are expected to surge 21% to ₹28.00. In the lead-up to this report, the analysts had been modelling revenues of ₹17.2b and earnings per share (EPS) of ₹27.80 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.

It will come as no surprise then, to learn that the consensus price target is largely unchanged at ₹964.

Of course, another way to look at these forecasts is to place them into context against the industry itself. The analysts are definitely expecting Garware Technical Fibres' growth to accelerate, with the forecast 13% annualised growth to the end of 2026 ranking favourably alongside historical growth of 9.2% per annum over the past five years. Other similar companies in the industry (with analyst coverage) are also forecast to grow their revenue at 14% per year. Garware Technical Fibres is expected to grow at about the same rate as its industry, so it's not clear that we can draw any conclusions from its growth relative to competitors.

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. 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 ₹964, with the latest estimates not enough to have an impact on their price targets.

With that in mind, we wouldn't be too quick to come to a conclusion on Garware Technical Fibres. Long-term earnings power is much more important than next year's profits. We have analyst estimates for Garware Technical Fibres going out as far as 2027, and you can see them free on our platform here.

We don't want to rain on the parade too much, but we did also find 1 warning sign for Garware Technical Fibres that you need to be mindful 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.