New Forecasts: Here's What Analysts Think The Future Holds For Kolte-Patil Developers Limited (NSE:KOLTEPATIL)

Celebrations may be in order for Kolte-Patil Developers Limited (NSE:KOLTEPATIL) shareholders, with the analysts delivering a significant upgrade to their statutory estimates for the company. The consensus estimated revenue numbers rose, with their view now clearly much more bullish on the company's business prospects.

After this upgrade, Kolte-Patil Developers' five analysts are now forecasting revenues of ₹19b in 2025. This would be a huge 39% improvement in sales compared to the last 12 months. The losses are expected to disappear over the next year or so, with forecasts for a profit of ₹13.60 per share this year. Before this latest update, the analysts had been forecasting revenues of ₹17b and earnings per share (EPS) of ₹13.57 in 2025. It seems analyst sentiment has certainly become more bullish on revenues, even though they haven't changed their view on earnings per share.

See our latest analysis for Kolte-Patil Developers

It may not be a surprise to see that the analysts have reconfirmed their price target of ₹678, implying that the uplift in sales is not expected to greatly contribute to Kolte-Patil Developers's valuation in the near term.

Taking a look at the bigger picture now, one of the ways we can understand these forecasts is to see how they compare to both past performance and industry growth estimates. It's clear from the latest estimates that Kolte-Patil Developers' rate of growth is expected to accelerate meaningfully, with the forecast 39% annualised revenue growth to the end of 2025 noticeably faster than its historical growth of 15% 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 22% per year. It seems obvious that, while the growth outlook is brighter than the recent past, the analysts also expect Kolte-Patil Developers to grow faster than the wider industry.

The Bottom Line

The most important thing to take away is that there's been no major change in sentiment, with analysts reconfirming that earnings per share are expected to continue performing in line with their prior expectations. Fortunately, analysts also upgraded their revenue estimates, and our data indicates sales are expected to perform better than the wider market. Given that analysts appear to be expecting substantial improvement in the sales pipeline, now could be the right time to take another look at Kolte-Patil Developers.

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 Kolte-Patil Developers analysts - going out to 2027, and you can see them free on our platform here.

Another way to search for interesting companies that could be reaching an inflection point is to track whether management are buying or selling, with our free list of growing companies backed by insiders.

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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.