Tega Industries Limited Just Reported A Surprise Loss: Here's What Analysts Think Will Happen Next
Investors in Tega Industries Limited (NSE:TEGA) had a good week, as its shares rose 4.8% to close at ₹1,704 following the release of its first-quarter results. Revenues of ₹17b beat estimates by a substantial 308% margin, but unfortunately Tega Industries fell substantially short of earnings forecasts, reporting a statutory loss of ₹11.47 per share, where the analyst had previously predicted a profit. Earnings are an important time for investors, as they can track a company's performance, look at what the analyst is forecasting for next year, and see if there's been a change in sentiment towards the company. So we collected the latest post-earnings statutory consensus estimate to see what could be in store for next year.
Taking into account the latest results, the consensus forecast from Tega Industries' sole analyst is for revenues of ₹145.0b in 2027. This reflects a substantial 374% improvement in revenue compared to the last 12 months. Per-share earnings are expected to shoot up 2,273% to ₹66.20. In the lead-up to this report, the analyst had been modelling revenues of ₹145.0b and earnings per share (EPS) of ₹66.20 in 2027. So it's pretty clear that, although the analyst has updated their estimates, there's been no major change in expectations for the business following the latest results.
Check out our latest analysis for Tega Industries
The analyst reconfirmed their price target of ₹1,795, showing that the business is executing well and in line with expectations.
These estimates are interesting, but it can be useful to paint some more broad strokes when seeing how forecasts compare, both to the Tega Industries' past performance and to peers in the same industry. The analyst is definitely expecting Tega Industries' growth to accelerate, with the forecast 7x annualised growth to the end of 2027 ranking favourably alongside historical growth of 20% per annum over the past three years. Compare this with other companies in the same industry, which are forecast to grow their revenue 12% annually. It seems obvious that, while the growth outlook is brighter than the recent past, the analyst also expect Tega Industries 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 analyst reconfirming that the business is performing in line with their previous earnings per share estimates. Happily, there were no major changes to revenue forecasts, with the business still expected to grow faster than the wider industry. The consensus price target held steady at ₹1,795, with the latest estimates not enough to have an impact on their price target.
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 analyst estimates for Tega Industries going out as far as 2029, and you can see them free on our platform here.
You should always think about risks though. Case in point, we've spotted 1 warning sign for Tega Industries 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.