Analysts Have Made A Financial Statement On Hexaware Technologies Limited's (NSE:HEXT) Third-Quarter Report

Last week, you might have seen that Hexaware Technologies Limited (NSE:HEXT) released its quarterly result to the market. The early response was not positive, with shares down 2.8% to ₹673 in the past week. It looks like the results were a bit of a negative overall. While revenues of ₹35b were in line with analyst predictions, statutory earnings were less than expected, missing estimates by 4.9% to hit ₹5.99 per share. 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. 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 most recent consensus for Hexaware Technologies from twelve analysts is for revenues of ₹150.5b in 2026. If met, it would imply a solid 15% increase on its revenue over the past 12 months. Statutory earnings per share are predicted to climb 17% to ₹26.87. Yet prior to the latest earnings, the analysts had been anticipated revenues of ₹150.5b and earnings per share (EPS) of ₹27.05 in 2026. So it's pretty clear that, although the analysts have updated their estimates, there's been no major change in expectations for the business following the latest results.

View our latest analysis for Hexaware Technologies

There were no changes to revenue or earnings estimates or the price target of ₹848, suggesting that the company has met expectations in its recent result. There's another way to think about price targets though, and that's to look at the range of price targets put forward by analysts, because a wide range of estimates could suggest a diverse view on possible outcomes for the business. The most optimistic Hexaware Technologies analyst has a price target of ₹950 per share, while the most pessimistic values it at ₹740. This is a very narrow spread of estimates, implying either that Hexaware Technologies is an easy company to value, or - more likely - the analysts are relying heavily on some key assumptions.

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. We can infer from the latest estimates that forecasts expect a continuation of Hexaware Technologies'historical trends, as the 12% annualised revenue growth to the end of 2026 is roughly in line with the 14% annual growth over the past five years. By contrast, our data suggests that other companies (with analyst coverage) in a similar industry are forecast to see their revenues grow 6.7% per year. So although Hexaware Technologies is expected to maintain its revenue growth rate, it's definitely expected 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 the analysts reconfirming that the business is performing in line with their previous earnings per share estimates. Happily, there were no major changes to revenue forecasts, with the business still expected to grow faster than the wider industry. The consensus price target held steady at ₹848, with the latest estimates not enough to have an impact on their price targets.

With that in mind, we wouldn't be too quick to come to a conclusion on Hexaware Technologies. Long-term earnings power is much more important than next year's profits. We have estimates - from multiple Hexaware Technologies analysts - going out to 2027, and you can see them free on our platform here.

You can also see our analysis of Hexaware Technologies' Board and CEO remuneration and experience, and whether company insiders have been buying stock.

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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.