Revenue Beat: Landmark Cars Limited Exceeded Revenue Forecasts By 5.8% And Analysts Are Updating Their Estimates

Shareholders might have noticed that Landmark Cars Limited (NSE:LANDMARK) filed its second-quarter result this time last week. The early response was not positive, with shares down 4.8% to ₹611 in the past week. It was a workmanlike result, with revenues of ₹9.1b coming in 5.8% ahead of expectations, and statutory earnings per share of ₹13.77, in line with analyst appraisals. 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. With this in mind, we've gathered the latest statutory forecasts to see what the analysts are expecting for next year.

See our latest analysis for Landmark Cars

Taking into account the latest results, the current consensus from Landmark Cars' dual analysts is for revenues of ₹39.7b in 2025. This would reflect a notable 12% increase on its revenue over the past 12 months. Statutory earnings per share are predicted to soar 62% to ₹12.50. Yet prior to the latest earnings, the analysts had been anticipated revenues of ₹41.6b and earnings per share (EPS) of ₹19.60 in 2025. The analysts seem less optimistic after the recent results, reducing their revenue forecasts and making a large cut to earnings per share numbers.

The analysts made no major changes to their price target of ₹818, suggesting the downgrades are not expected to have a long-term impact on Landmark Cars' valuation.

One way to get more context on these forecasts is to look at how they compare to both past performance, and how other companies in the same industry are performing. The analysts are definitely expecting Landmark Cars' growth to accelerate, with the forecast 25% annualised growth to the end of 2025 ranking favourably alongside historical growth of 11% per annum over the past year. Other similar companies in the industry (with analyst coverage) are also forecast to grow their revenue at 22% per year. Factoring in the forecast acceleration in revenue, it's pretty clear that Landmark Cars is expected to grow at about the same rate as the wider industry.

The Bottom Line

The biggest concern is that the analysts reduced their earnings per share estimates, suggesting business headwinds could lay ahead for Landmark Cars. Sadly, they also downgraded their revenue forecasts, but the business is still expected to grow at roughly the same rate as the industry itself. The consensus price target held steady at ₹818, with the latest estimates not enough to have an impact on their price targets.

Following on from that line of thought, we think that the long-term prospects of the business are much more relevant than next year's earnings. At least one analyst has provided forecasts out to 2027, which can be seen for free on our platform here.

Don't forget that there may still be risks. For instance, we've identified 2 warning signs for Landmark Cars (1 is concerning) you should be aware 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.