Brigade Enterprises Limited Just Missed Earnings - But Analysts Have Updated Their Models

Brigade Enterprises Limited (NSE:BRIGADE) last week reported its latest quarterly results, which makes it a good time for investors to dive in and see if the business is performing in line with expectations. Results were mixed, with revenues of ₹12b exceeding expectations, even as statutory earnings per share (EPS) fell badly short. Earnings were ₹3.16 per share, -27% short of analyst expectations. Following the result, the analysts have updated their earnings model, and it would be good to know whether they think there's been a strong change in the company's prospects, or if it's business as usual. So we collected the latest post-earnings statutory consensus estimates to see what could be in store for next year.

View our latest analysis for Brigade Enterprises

Following the latest results, Brigade Enterprises' 13 analysts are now forecasting revenues of ₹50.5b in 2025. This would be a substantial 25% improvement in revenue compared to the last 12 months. Per-share earnings are expected to bounce 60% to ₹21.76. Before this earnings report, the analysts had been forecasting revenues of ₹49.7b and earnings per share (EPS) of ₹22.89 in 2025. So it looks like there's been a small decline in overall sentiment after the recent results - there's been no major change to revenue estimates, but the analysts did make a minor downgrade to their earnings per share forecasts.

Despite cutting their earnings forecasts,the analysts have lifted their price target 16% to ₹978, suggesting that these impacts are not expected to weigh on the stock's value in the long term. The consensus price target is just an average of individual analyst targets, so - it could be handy to see how wide the range of underlying estimates is. The most optimistic Brigade Enterprises analyst has a price target of ₹1,345 per share, while the most pessimistic values it at ₹600. 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 clear from the latest estimates that Brigade Enterprises' rate of growth is expected to accelerate meaningfully, with the forecast 20% annualised revenue growth to the end of 2025 noticeably faster than its historical growth of 8.7% p.a. over the past five years. By contrast, our data suggests that other companies (with analyst coverage) in a similar industry are forecast to grow their revenue at 24% per year. It seems obvious that, while the future growth outlook is brighter than the recent past, Brigade Enterprises is expected to grow slower than the wider industry.

The Bottom Line

The most important thing to take away is that the analysts downgraded their earnings per share estimates, showing that there has been a clear decline in sentiment following these results. On the plus side, there were no major changes to revenue estimates; although forecasts imply they will perform worse 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.

With that in mind, we wouldn't be too quick to come to a conclusion on Brigade Enterprises. Long-term earnings power is much more important than next year's profits. We have forecasts for Brigade Enterprises going out to 2026, and you can see them free on our platform here.

Plus, you should also learn about the 1 warning sign we've spotted with Brigade Enterprises .

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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.