What Does The Future Hold For Dish TV India Limited (NSE:DISHTV)? These Analysts Have Been Cutting Their Estimates

The latest analyst coverage could presage a bad day for Dish TV India Limited (NSE:DISHTV), with the analysts making across-the-board cuts to their statutory estimates that might leave shareholders a little shell-shocked. Revenue estimates were cut sharply as analysts signalled a weaker outlook - perhaps a sign that investors should temper their expectations as well.

Following this downgrade, Dish TV India's two analysts are forecasting 2022 revenues to be ₹32b, approximately in line with the last 12 months. Prior to the latest estimates, the analysts were forecasting revenues of ₹36b in 2022. The consensus view seems to have become more pessimistic on Dish TV India, noting the substantial drop in revenue estimates in this update.

View our latest analysis for Dish TV India

Of course, another way to look at these forecasts is to place them into context against the industry itself. We would highlight that sales are expected to reverse, with a forecast 1.9% annualised revenue decline to the end of 2022. That is a notable change from historical growth of 4.7% over the last five years. By contrast, our data suggests that other companies (with analyst coverage) in the same industry are forecast to see their revenue grow 14% annually for the foreseeable future. So although its revenues are forecast to shrink, this cloud does not come with a silver lining - Dish TV India is expected to lag the wider industry.

The Bottom Line

The most important thing to take away is that analysts cut their revenue estimates for this year. They're also anticipating slower revenue growth than the wider market. Often, one downgrade can set off a daisy-chain of cuts, especially if an industry is in decline. So we wouldn't be surprised if the market became a lot more cautious on Dish TV India after today.

Looking for more information? We have estimates for Dish TV India from its two analysts out until 2023, and you can see them free on our platform here.

Of course, seeing company management invest large sums of money in a stock can be just as useful as knowing whether analysts are downgrading their estimates. So you may also wish to search this free list of stocks that insiders are buying.

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