Astra Microwave Products Limited Beat Analyst Estimates: See What The Consensus Is Forecasting For This Year

Astra Microwave Products Limited (NSE:ASTRAMICRO) investors will be delighted, with the company turning in some strong numbers with its latest results. The company beat forecasts, with revenue of ₹9.2b, some 6.3% above estimates, and statutory earnings per share (EPS) coming in at ₹12.86, 24% ahead of expectations. 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 thought readers would find it interesting to see the analysts latest (statutory) post-earnings forecasts for next year.

See our latest analysis for Astra Microwave Products

Taking into account the latest results, the current consensus from Astra Microwave Products' dual analysts is for revenues of ₹11.2b in 2025. This would reflect a sizeable 22% increase on its revenue over the past 12 months. Per-share earnings are expected to surge 21% to ₹15.45. In the lead-up to this report, the analysts had been modelling revenues of ₹10.7b and earnings per share (EPS) of ₹14.70 in 2025. So there seems to have been a moderate uplift in sentiment following the latest results, given the upgrades to both revenue and earnings per share forecasts for next year.

With these upgrades, we're not surprised to see that the analysts have lifted their price target 17% to ₹787per share.

Of course, another way to look at these forecasts is to place them into context against the industry itself. It's clear from the latest estimates that Astra Microwave Products' rate of growth is expected to accelerate meaningfully, with the forecast 22% annualised revenue growth to the end of 2025 noticeably faster than its historical growth of 18% p.a. over the past five years. Other similar companies in the industry (with analyst coverage) are also forecast to grow their revenue at 20% per year. Factoring in the forecast acceleration in revenue, it's pretty clear that Astra Microwave Products is expected to grow at about the same rate as the wider 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 Astra Microwave Products following these results. There was also an upgrade to revenue estimates, although as we saw earlier, forecast growth is only expected to be about the same as 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 Astra Microwave Products. Long-term earnings power is much more important than next year's profits. At least one analyst has provided forecasts out to 2026, which can be seen for free on our platform here.

Even so, be aware that Astra Microwave Products is showing 1 warning sign in our investment analysis , you should know about...

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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.