ICICI Lombard General Insurance Company Limited Just Recorded A 24% EPS Beat: Here's What Analysts Are Forecasting Next

ICICI Lombard General Insurance Company Limited (NSE:ICICIGI) just released its latest quarterly results and things are looking bullish. The company beat forecasts, with revenue of ₹59b, some 2.1% above estimates, and statutory earnings per share (EPS) coming in at ₹14.48, 24% ahead of expectations. 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. We thought readers would find it interesting to see the analysts latest (statutory) post-earnings forecasts for next year.

See our latest analysis for ICICI Lombard General Insurance

After the latest results, the 26 analysts covering ICICI Lombard General Insurance are now predicting revenues of ₹262.4b in 2026. If met, this would reflect a meaningful 13% improvement in revenue compared to the last 12 months. Per-share earnings are expected to swell 17% to ₹59.26. In the lead-up to this report, the analysts had been modelling revenues of ₹268.1b and earnings per share (EPS) of ₹59.00 in 2026. So it looks like the analysts have become a bit less optimistic after the latest results announcement, with revenues expected to fall even as the company is supposed to maintain EPS.

The consensus has reconfirmed its price target of ₹2,140, showing that the analysts don't expect weaker revenue expectations next year to have a material impact on ICICI Lombard General Insurance's market value. That's not the only conclusion we can draw from this data however, as some investors also like to consider the spread in estimates when evaluating analyst price targets. The most optimistic ICICI Lombard General Insurance analyst has a price target of ₹2,690 per share, while the most pessimistic values it at ₹1,360. This is a fairly broad spread of estimates, suggesting that analysts are forecasting a wide range of possible outcomes for the business.

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 ICICI Lombard General Insurance's revenue growth will slow down substantially, with revenues to the end of 2026 expected to display 10% growth on an annualised basis. This is compared to a historical growth rate of 15% over the past five years. Compare this to the 13 other companies in this industry with analyst coverage, which are forecast to grow their revenue at 9.1% per year. So it's pretty clear that, while ICICI Lombard General Insurance'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. They also downgraded their revenue estimates, although as we saw earlier, forecast growth is only expected to be about the same as the wider industry. Even so, long term profitability is more important for the value creation process. 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.

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 ICICI Lombard General Insurance analysts - going out to 2027, and you can see them free on our platform here.

Even so, be aware that ICICI Lombard General Insurance is showing 1 warning sign in our investment analysis , you should know about...

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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.