Analysts Are Updating Their Transport Corporation of India Limited (NSE:TCI) Estimates After Its First-Quarter Results

Investors in Transport Corporation of India Limited (NSE:TCI) had a good week, as its shares rose 5.7% to close at ₹1,002 following the release of its first-quarter results. Results were roughly in line with estimates, with revenues of ₹10b and statutory earnings per share of ₹11.67. This is an important time for investors, as they can track a company's performance in its report, look at what experts are forecasting for next year, and see if there has been any change to expectations for the business. Readers will be glad to know we've aggregated the latest statutory forecasts to see whether the analysts have changed their mind on Transport Corporation of India after the latest results.

Check out our latest analysis for Transport Corporation of India

After the latest results, the nine analysts covering Transport Corporation of India are now predicting revenues of ₹45.0b in 2025. If met, this would reflect a meaningful 8.8% improvement in revenue compared to the last 12 months. Per-share earnings are expected to rise 7.6% to ₹49.66. Before this earnings report, the analysts had been forecasting revenues of ₹45.4b and earnings per share (EPS) of ₹48.97 in 2025. So it's pretty clear that, although the analysts have updated their estimates, there's been no major change in expectations for the business following the latest results.

There were no changes to revenue or earnings estimates or the price target of ₹1,135, suggesting that the company has met expectations in its recent result. Fixating on a single price target can be unwise though, since the consensus target is effectively the average of analyst price targets. As a result, some investors like to look at the range of estimates to see if there are any diverging opinions on the company's valuation. There are some variant perceptions on Transport Corporation of India, with the most bullish analyst valuing it at ₹1,341 and the most bearish at ₹943 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 Transport Corporation of India shareholders.

Another way we can view these estimates is in the context of the bigger picture, such as how the forecasts stack up against past performance, and whether forecasts are more or less bullish relative to other companies in the industry. We can infer from the latest estimates that forecasts expect a continuation of Transport Corporation of India'shistorical trends, as the 12% annualised revenue growth to the end of 2025 is roughly in line with the 10% 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 Transport Corporation of India is expected to maintain its revenue growth rate, it's only growing at about the rate of the wider industry.

The Bottom Line

The most obvious conclusion is that there's been no major change in the business' prospects in recent times, with the analysts holding their earnings forecasts steady, in line with previous estimates. They also reconfirmed their revenue estimates, with the company predicted to grow at about the same rate as the wider industry. The consensus price target held steady at ₹1,135, with the latest estimates not enough to have an impact on their price targets.

With that said, the long-term trajectory of the company's earnings is a lot more important than next year. We have estimates - from multiple Transport Corporation of India analysts - 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 1 warning sign for Transport Corporation of India 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.

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