Here's What Analysts Are Forecasting For LTIMindtree Limited (NSE:LTIM) After Its First-Quarter Results

Last week saw the newest first-quarter earnings release from LTIMindtree Limited (NSE:LTIM), an important milestone in the company's journey to build a stronger business. LTIMindtree reported ₹98b in revenue, roughly in line with analyst forecasts, although statutory earnings per share (EPS) of ₹42.28 beat expectations, being 4.8% higher than what the analysts expected. The analysts typically update their forecasts at each earnings report, and we can judge from their estimates whether their view of the company has changed or if there are any new concerns to be aware of. We thought readers would find it interesting to see the analysts latest (statutory) post-earnings forecasts for next year.

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After the latest results, the 40 analysts covering LTIMindtree are now predicting revenues of ₹408.4b in 2026. If met, this would reflect a reasonable 5.5% improvement in revenue compared to the last 12 months. Statutory earnings per share are predicted to rise 8.6% to ₹173. In the lead-up to this report, the analysts had been modelling revenues of ₹407.3b and earnings per share (EPS) of ₹173 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.

See our latest analysis for LTIMindtree

The analysts reconfirmed their price target of ₹5,366, showing that the business is executing well and in line with expectations. It could also be instructive to look at the range of analyst estimates, to evaluate how different the outlier opinions are from the mean. The most optimistic LTIMindtree analyst has a price target of ₹6,273 per share, while the most pessimistic values it at ₹4,050. Analysts definitely have varying views on the business, but the spread of estimates is not wide enough in our view to suggest that extreme outcomes could await LTIMindtree shareholders.

These estimates are interesting, but it can be useful to paint some more broad strokes when seeing how forecasts compare, both to the LTIMindtree's past performance and to peers in the same industry. We would highlight that LTIMindtree's revenue growth is expected to slow, with the forecast 7.4% annualised growth rate until the end of 2026 being well below the historical 26% p.a. growth over the last five years. Juxtapose this against the other companies in the industry with analyst coverage, which are forecast to grow their revenues (in aggregate) 6.5% annually. So it's pretty clear that, while LTIMindtree's revenue growth is expected to slow, it's expected to grow roughly in line with the 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. They also reconfirmed their revenue estimates, with the company predicted to grow at about the same rate as the wider industry. The consensus price target held steady at ₹5,366, 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. We have estimates - from multiple LTIMindtree analysts - 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 LTIMindtree 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.