Earnings Miss: Zaggle Prepaid Ocean Services Limited Missed EPS By 16% And Analysts Are Revising Their Forecasts

Last week, you might have seen that Zaggle Prepaid Ocean Services Limited (NSE:ZAGGLE) released its first-quarter result to the market. The early response was not positive, with shares down 3.1% to ₹367 in the past week. Revenues were in line with forecasts, at ₹3.3b, although statutory earnings per share came in 16% below what the analyst expected, at ₹1.94 per share. The analyst 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. With this in mind, we've gathered the latest statutory forecasts to see what the analyst is expecting for next year.

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Taking into account the latest results, the most recent consensus for Zaggle Prepaid Ocean Services from one analyst is for revenues of ₹17.5b in 2026. If met, it would imply a sizeable 27% increase on its revenue over the past 12 months. Per-share earnings are expected to shoot up 38% to ₹10.00. Yet prior to the latest earnings, the analyst had been anticipated revenues of ₹18.1b and earnings per share (EPS) of ₹11.50 in 2026. From this we can that sentiment has definitely become more bearish after the latest results, leading to lower revenue forecasts and a substantial drop in earnings per share estimates.

View our latest analysis for Zaggle Prepaid Ocean Services

It'll come as no surprise then, to learn that the analyst has cut their price target 5.5% to ₹520.

Of course, another way to look at these forecasts is to place them into context against the industry itself. It's pretty clear that there is an expectation that Zaggle Prepaid Ocean Services' revenue growth will slow down substantially, with revenues to the end of 2026 expected to display 37% growth on an annualised basis. This is compared to a historical growth rate of 52% over the past year. Juxtapose this against the other companies in the industry with analyst coverage, which are forecast to grow their revenues (in aggregate) 13% per year. Even after the forecast slowdown in growth, it seems obvious that Zaggle Prepaid Ocean Services is also expected to grow faster than the wider industry.

The Bottom Line

The most important thing to take away is that the analyst downgraded their earnings per share estimates, showing that there has been a clear decline in sentiment following these results. They also downgraded Zaggle Prepaid Ocean Services' revenue estimates, but industry data suggests that it is expected to grow faster than the wider industry. The consensus price target fell measurably, with the analyst seemingly not reassured by the latest results, leading to a lower estimate of Zaggle Prepaid Ocean Services' future valuation.

With that said, the long-term trajectory of the company's earnings is a lot more important than next year. At least one analyst has provided forecasts out to 2028, which can be seen for free on our platform here.

You can also see our analysis of Zaggle Prepaid Ocean Services' 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.