Clean Science and Technology Limited Just Beat Earnings Expectations: Here's What Analysts Think Will Happen Next
Clean Science and Technology Limited (NSE:CLEAN) defied analyst predictions to release its first-quarter results, which were ahead of market expectations. It was overall a positive result, with revenues beating expectations by 6.3% to hit ₹2.7b. Clean Science and Technology also reported a statutory profit of ₹6.90, which was an impressive 31% above what the analysts had forecast. 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. So we gathered the latest post-earnings forecasts to see what estimates suggest is in store for next year.
Taking into account the latest results, the current consensus from Clean Science and Technology's 14 analysts is for revenues of ₹11.6b in 2027. This would reflect a notable 18% increase on its revenue over the past 12 months. Statutory earnings per share are predicted to climb 16% to ₹25.47. Before this earnings report, the analysts had been forecasting revenues of ₹11.7b and earnings per share (EPS) of ₹25.62 in 2027. 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.
See our latest analysis for Clean Science and Technology
The analysts reconfirmed their price target of ₹958, showing that the business is executing well and in line with expectations. 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 Clean Science and Technology analyst has a price target of ₹1,359 per share, while the most pessimistic values it at ₹752. This is a fairly broad spread of estimates, suggesting that analysts are forecasting a wide range of possible outcomes for the business.
Of course, another way to look at these forecasts is to place them into context against the industry itself. The analysts are definitely expecting Clean Science and Technology's growth to accelerate, with the forecast 25% annualised growth to the end of 2027 ranking favourably alongside historical growth of 8.9% 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 12% per year. It seems obvious that, while the growth outlook is brighter than the recent past, the analysts also expect Clean Science and Technology to grow faster 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. 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 ₹958, with the latest estimates not enough to have an impact on their price targets.
Keeping that in mind, we still think that the longer term trajectory of the business is much more important for investors to consider. We have estimates - from multiple Clean Science and Technology analysts - going out to 2029, and you can see them free on our platform here.
You still need to take note of risks, for example - Clean Science and Technology has 1 warning sign we think 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.