Earnings Update: Waaree Energies Limited (NSE:WAAREEENER) Just Reported And Analysts Are Boosting Their Estimates

Shareholders of Waaree Energies Limited (NSE:WAAREEENER) will be pleased this week, given that the stock price is up 15% to ₹2,677 following its latest yearly results. Waaree Energies reported ₹144b in revenue, roughly in line with analyst forecasts, although statutory earnings per share (EPS) of ₹67.96 beat expectations, being 4.2% higher than what the analysts expected. Earnings are an important time for investors, as they can track a company's performance, look at what the analysts are forecasting for next year, and see if there's been a change in sentiment towards the company. We've gathered the most recent statutory forecasts to see whether the analysts have changed their earnings models, following these results.

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Taking into account the latest results, the current consensus from Waaree Energies' five analysts is for revenues of ₹220.7b in 2026. This would reflect a substantial 53% increase on its revenue over the past 12 months. Per-share earnings are expected to surge 83% to ₹119. In the lead-up to this report, the analysts had been modelling revenues of ₹198.3b and earnings per share (EPS) of ₹96.17 in 2026. So we can see there's been a pretty clear increase in sentiment following the latest results, with both revenues and earnings per share receiving a decent lift in the latest estimates.

View our latest analysis for Waaree Energies

With these upgrades, we're not surprised to see that the analysts have lifted their price target 13% to ₹2,556per share. 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. There are some variant perceptions on Waaree Energies, with the most bullish analyst valuing it at ₹3,622 and the most bearish at ₹1,902 per share. Note the wide gap in analyst price targets? This implies to us that there is a fairly broad range of possible scenarios for the underlying business.

Another way we can view these estimates is in the context of the bigger picture, such as how the forecasts stack up against past performance, and whether forecasts are more or less bullish relative to other companies in the industry. The analysts are definitely expecting Waaree Energies' growth to accelerate, with the forecast 53% annualised growth to the end of 2026 ranking favourably alongside historical growth of 32% per annum over the past five years. Compare this with other companies in the same industry, which are forecast to grow their revenue 16% annually. Factoring in the forecast acceleration in revenue, it's pretty clear that Waaree Energies is expected to grow much faster than its industry.

The Bottom Line

The most important thing here is that the analysts upgraded their earnings per share estimates, suggesting that there has been a clear increase in optimism towards Waaree Energies following these results. Pleasantly, they also upgraded their revenue estimates, and their forecasts suggest the business is expected to grow faster than the wider industry. We note an upgrade to the price target, suggesting that the analysts believes the intrinsic value of the business is likely to improve over time.

With that in mind, we wouldn't be too quick to come to a conclusion on Waaree Energies. Long-term earnings power is much more important than next year's profits. We have forecasts for Waaree Energies going out to 2028, and you can see them free on our platform here.

It is also worth noting that we have found 1 warning sign for Waaree Energies that you need to take into consideration.

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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.