Transport Corporation of India Limited Just Recorded A 17% EPS Beat: Here's What Analysts Are Forecasting Next

As you might know, Transport Corporation of India Limited (NSE:TCI) just kicked off its latest second-quarter results with some very strong numbers. Transport Corporation of India beat earnings, with revenues hitting ₹11b, ahead of expectations, and statutory earnings per share outperforming analyst reckonings by a solid 17%. 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. With this in mind, we've gathered the latest statutory forecasts to see what the analysts are expecting for next year.

View our latest analysis for Transport Corporation of India

Taking into account the latest results, the most recent consensus for Transport Corporation of India from nine analysts is for revenues of ₹44.5b in 2025. If met, it would imply a satisfactory 4.4% increase on its revenue over the past 12 months. Statutory per share are forecast to be ₹50.41, approximately in line with the last 12 months. Yet prior to the latest earnings, the analysts had been anticipated revenues of ₹45.0b and earnings per share (EPS) of ₹50.23 in 2025. The consensus analysts don't seem to have seen anything in these results that would have changed their view on the business, given there's been no major change to their estimates.

There were no changes to revenue or earnings estimates or the price target of ₹1,233, suggesting that the company has met expectations in its recent result. That's not the only conclusion we can draw from this data however, as some investors also like to consider the spread in estimates when evaluating analyst price targets. The most optimistic Transport Corporation of India analyst has a price target of ₹1,400 per share, while the most pessimistic values it at ₹1,026. There are definitely some different views on the stock, but the range of estimates is not wide enough as to imply that the situation is unforecastable, in our view.

Taking a look at the bigger picture now, one of the ways we can understand these forecasts is to see how they compare to both past performance and industry growth estimates. The period to the end of 2025 brings more of the same, according to the analysts, with revenue forecast to display 8.9% growth on an annualised basis. That is in line with its 11% annual growth over the past five years. By contrast, our data suggests that other companies (with analyst coverage) in a similar industry are forecast to see their revenues grow 12% per year. So although Transport Corporation of India is expected to maintain its revenue growth rate, it's forecast to grow slower than the wider industry.

The Bottom Line

The most important thing to take away is that there's been no major change in sentiment, with the analysts reconfirming that the business is performing in line with their previous earnings per share estimates. On the plus side, there were no major changes to revenue estimates; although forecasts imply they will perform worse than the wider industry. There was no real change to the consensus price target, suggesting that the intrinsic value of the business has not undergone any major changes with the latest estimates.

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 Transport Corporation of India going out to 2027, and you can see them free on our platform here.

Even so, be aware that Transport Corporation of India 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.