Analyst Estimates: Here's What Brokers Think Of GMR Airports Limited (NSE:GMRAIRPORT) After Its First-Quarter Report

GMR Airports Limited (NSE:GMRAIRPORT) defied analyst predictions to release its first-quarter results, which were ahead of market expectations. Results overall were solid, with revenues arriving 5.5% better than analyst forecasts at ₹32b. Higher revenues also resulted in substantially lower statutory losses which, at ₹0.20 per share, were 5.5% smaller than the analysts expected. 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 GMR Airports after the latest results.

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Taking into account the latest results, the consensus forecast from GMR Airports' four analysts is for revenues of ₹145.7b in 2026. This reflects a sizeable 30% improvement in revenue compared to the last 12 months. GMR Airports is also expected to turn profitable, with statutory earnings of ₹0.30 per share. Yet prior to the latest earnings, the analysts had been anticipated revenues of ₹145.3b and earnings per share (EPS) of ₹0.35 in 2026. So there's definitely been a decline in sentiment after the latest results, noting the real cut to new EPS forecasts.

See our latest analysis for GMR Airports

The consensus price target held steady at ₹93.50, with the analysts seemingly voting that their lower forecast earnings are not expected to lead to a lower stock price in the foreseeable future. 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. There are some variant perceptions on GMR Airports, with the most bullish analyst valuing it at ₹108 and the most bearish at ₹75.00 per share. 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 GMR Airports shareholders.

These estimates are interesting, but it can be useful to paint some more broad strokes when seeing how forecasts compare, both to the GMR Airports' past performance and to peers in the same industry. The analysts are definitely expecting GMR Airports' growth to accelerate, with the forecast 42% annualised growth to the end of 2026 ranking favourably alongside historical growth of 13% per annum over the past five years. By contrast, our data suggests that other companies (with analyst coverage) in a similar industry are forecast to grow their revenue at 5.9% per year. Factoring in the forecast acceleration in revenue, it's pretty clear that GMR Airports is expected to grow much faster than its industry.

The Bottom Line

The biggest concern is that the analysts reduced their earnings per share estimates, suggesting business headwinds could lay ahead for GMR Airports. 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 ₹93.50, 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 GMR Airports analysts - going out to 2028, and you can see them free on our platform here.

However, before you get too enthused, we've discovered 1 warning sign for GMR Airports 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.