GMR Airports Limited Earnings Missed Analyst Estimates: Here's What Analysts Are Forecasting Now

GMR Airports Limited (NSE:GMRAIRPORT) last week reported its latest third-quarter results, which makes it a good time for investors to dive in and see if the business is performing in line with expectations. Statutory earnings per share fell badly short of expectations, coming in at ₹0.22, some 85% below analyst forecasts, although revenues were okay, approximately in line with analyst estimates at ₹27b. 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. So we gathered the latest post-earnings forecasts to see what estimates suggest is in store for next year.

See our latest analysis for GMR Airports

Taking into account the latest results, the current consensus from GMR Airports' three analysts is for revenues of ₹142.7b in 2026. This would reflect a substantial 43% increase on its revenue over the past 12 months. Earnings are expected to improve, with GMR Airports forecast to report a statutory profit of ₹0.50 per share. Before this earnings report, the analysts had been forecasting revenues of ₹143.3b and earnings per share (EPS) of ₹0.73 in 2026. So there's definitely been a decline in sentiment after the latest results, noting the large cut to new EPS forecasts.

The consensus price target held steady at ₹83.00, 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 ₹110 and the most bearish at ₹60.00 per share. This is a fairly broad spread of estimates, suggesting that analysts are forecasting a wide range of possible outcomes for the business.

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 33% annualised growth to the end of 2026 ranking favourably alongside historical growth of 6.5% 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 6.7% per year. It seems obvious that, while the growth outlook is brighter than the recent past, the analysts also expect GMR Airports to grow faster than the wider 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. Fortunately, they also reconfirmed their revenue numbers, suggesting that it's tracking in line with expectations. Additionally, our data suggests that revenue is expected to grow faster than the wider industry. The consensus price target held steady at ₹83.00, 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 forecasts for GMR Airports going out to 2027, and you can see them free on our platform here.

Before you take the next step you should know about the 2 warning signs for GMR Airports that we have uncovered.

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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.