The Great Eastern Shipping Company Limited Just Beat Earnings Expectations: Here's What Analysts Think Will Happen Next

It's been a good week for The Great Eastern Shipping Company Limited (NSE:GESHIP) shareholders, because the company has just released its latest second-quarter results, and the shares gained 5.3% to ₹1,109. Great Eastern Shipping reported ₹12b in revenue, roughly in line with analyst forecasts, although statutory earnings per share (EPS) of ₹40.64 beat expectations, being 6.1% higher than what the analysts 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. With this in mind, we've gathered the latest statutory forecasts to see what the analysts are expecting for next year.

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After the latest results, the two analysts covering Great Eastern Shipping are now predicting revenues of ₹51.6b in 2026. If met, this would reflect a notable 8.5% improvement in revenue compared to the last 12 months. Statutory earnings per share are expected to shrink 5.6% to ₹135 in the same period. Yet prior to the latest earnings, the analysts had been anticipated revenues of ₹49.2b and earnings per share (EPS) of ₹119 in 2026. So it seems there's been a definite increase in optimism about Great Eastern Shipping's future following the latest results, with a decent improvement in the earnings per share forecasts in particular.

View our latest analysis for Great Eastern Shipping

With these upgrades, we're not surprised to see that the analysts have lifted their price target 5.1% to ₹1,449per share.

These estimates are interesting, but it can be useful to paint some more broad strokes when seeing how forecasts compare, both to the Great Eastern Shipping's past performance and to peers in the same industry. The analysts are definitely expecting Great Eastern Shipping's growth to accelerate, with the forecast 18% annualised growth to the end of 2026 ranking favourably alongside historical growth of 10% per annum over the past five years. Compare this with other companies in the same industry, which are forecast to grow their revenue 5.5% annually. It seems obvious that, while the growth outlook is brighter than the recent past, the analysts also expect Great Eastern Shipping to grow faster than the wider industry.

The Bottom Line

The most important thing here is that the analysts upgraded their earnings per share estimates, suggesting that there has been a clear increase in optimism towards Great Eastern Shipping following these results. Happily, they also upgraded their revenue estimates, and are forecasting them to grow faster than the wider industry. There was also a nice increase in the price target, with the analysts clearly feeling that the intrinsic value of the business is improving.

Keeping that in mind, we still think that the longer term trajectory of the business is much more important for investors to consider. We have analyst estimates for Great Eastern Shipping going out as far as 2028, 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 2 warning signs for Great Eastern Shipping 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.