Earnings Miss: Delhivery Limited Missed EPS By 59% And Analysts Are Revising Their Forecasts

Shareholders might have noticed that Delhivery Limited (NSE:DELHIVERY) filed its quarterly result this time last week. The early response was not positive, with shares down 8.1% to ₹297 in the past week. It looks like a pretty bad result, all things considered. Although revenues of ₹24b were in line with analyst predictions, statutory earnings fell badly short, missing estimates by 59% to hit ₹0.33 per share. 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. Readers will be glad to know we've aggregated the latest statutory forecasts to see whether the analysts have changed their mind on Delhivery after the latest results.

Check out our latest analysis for Delhivery

Taking into account the latest results, the most recent consensus for Delhivery from 19 analysts is for revenues of ₹105.7b in 2026. If met, it would imply a solid 20% increase on its revenue over the past 12 months. Statutory earnings per share are predicted to bounce 1,463% to ₹4.44. In the lead-up to this report, the analysts had been modelling revenues of ₹107.7b and earnings per share (EPS) of ₹4.61 in 2026. So it looks like there's been a small decline in overall sentiment after the recent results - there's been no major change to revenue estimates, but the analysts did make a minor downgrade to their earnings per share forecasts.

It might be a surprise to learn that the consensus price target fell 7.0% to ₹418, with the analysts clearly linking lower forecast earnings to the performance of the stock price. 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. Currently, the most bullish analyst values Delhivery at ₹500 per share, while the most bearish prices it at ₹320. As you can see, analysts are not all in agreement on the stock's future, but the range of estimates is still reasonably narrow, which could suggest that the outcome is not totally unpredictable.

Of course, another way to look at these forecasts is to place them into context against the industry itself. We can infer from the latest estimates that forecasts expect a continuation of Delhivery'shistorical trends, as the 16% annualised revenue growth to the end of 2026 is roughly in line with the 17% annual growth over the past five years. Compare this with the broader industry, which analyst estimates (in aggregate) suggest will see revenues grow 12% annually. So although Delhivery 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 the analysts downgraded their earnings per share estimates, showing that there has been a clear decline in sentiment following these results. 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 fell measurably, with the analysts seemingly not reassured by the latest results, leading to a lower estimate of Delhivery's future valuation.

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

Don't forget that there may still be risks. For instance, we've identified 1 warning sign for Delhivery that you should be aware of.

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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.