Adani Green Energy Limited Earnings Missed Analyst Estimates: Here's What Analysts Are Forecasting Now

Adani Green Energy Limited (NSE:ADANIGREEN) just released its latest interim report and things are not looking great. Adani Green Energy delivered a grave earnings miss, with both revenues (₹32b) and statutory earnings per share (₹3.44) falling badly short of analyst expectations. 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. We've gathered the most recent statutory forecasts to see whether the analysts have changed their earnings models, following these results.

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Following the latest results, Adani Green Energy's seven analysts are now forecasting revenues of ₹146.0b in 2026. This would be a meaningful 18% improvement in revenue compared to the last 12 months. Per-share earnings are expected to soar 22% to ₹14.10. In the lead-up to this report, the analysts had been modelling revenues of ₹150.1b and earnings per share (EPS) of ₹18.80 in 2026. From this we can that sentiment has definitely become more bearish after the latest results, leading to lower revenue forecasts and a large cut to earnings per share estimates.

Check out our latest analysis for Adani Green Energy

Despite the cuts to forecast earnings, there was no real change to the ₹1,240 price target, showing that the analysts don't think the changes have a meaningful impact on its intrinsic value. It could also be instructive to look at the range of analyst estimates, to evaluate how different the outlier opinions are from the mean. Currently, the most bullish analyst values Adani Green Energy at ₹1,522 per share, while the most bearish prices it at ₹792. These price targets show that analysts do have some differing views on the business, but the estimates do not vary enough to suggest to us that some are betting on wild success or utter failure.

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. It's clear from the latest estimates that Adani Green Energy's rate of growth is expected to accelerate meaningfully, with the forecast 40% annualised revenue growth to the end of 2026 noticeably faster than its historical growth of 28% p.a. 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 16% per year. It seems obvious that, while the growth outlook is brighter than the recent past, the analysts also expect Adani Green Energy 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. They also downgraded Adani Green Energy's revenue estimates, but industry data suggests that it is expected to grow faster 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.

With that said, the long-term trajectory of the company's earnings is a lot more important than next year. We have forecasts for Adani Green Energy going out to 2028, and you can see them free on our platform here.

Even so, be aware that Adani Green Energy is showing 2 warning signs 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.