Affle 3i Limited (NSE:AFFLE) Just Reported Second-Quarter Earnings: Have Analysts Changed Their Mind On The Stock?
It's been a pretty great week for Affle 3i Limited (NSE:AFFLE) shareholders, with its shares surging 17% to ₹1,583 in the week since its latest quarterly results. Revenues of ₹7.8b were in line with forecasts, although statutory earnings per share (EPS) came in below expectations at ₹9.08, missing estimates by 4.2%. 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.
After the latest results, the twelve analysts covering Affle 3i are now predicting revenues of ₹32.6b in 2027. If met, this would reflect a solid 9.7% improvement in revenue compared to the last 12 months. Statutory earnings per share are predicted to climb 14% to ₹39.84. Yet prior to the latest earnings, the analysts had been anticipated revenues of ₹32.6b and earnings per share (EPS) of ₹39.59 in 2027. 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.
Check out our latest analysis for Affle 3i
It will come as no surprise then, to learn that the consensus price target is largely unchanged at ₹2,001. The consensus price target is just an average of individual analyst targets, so - it could be handy to see how wide the range of underlying estimates is. The most optimistic Affle 3i analyst has a price target of ₹2,165 per share, while the most pessimistic values it at ₹1,850. Even so, with a relatively close grouping of estimates, it looks like the analysts are quite confident in their valuations, suggesting Affle 3i is an easy business to forecast or the the analysts are all using similar assumptions.
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. We can infer from the latest estimates that forecasts expect a continuation of Affle 3i'shistorical trends, as the 20% annualised revenue growth to the end of 2027 is roughly in line with the 22% 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 9.6% per year. So although Affle 3i is expected to maintain its revenue growth rate, it's definitely expected 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. 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 ₹2,001, 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 forecasts for Affle 3i going out to 2029, and you can see them free on our platform here.
You can also see our analysis of Affle 3i's Board and CEO remuneration and experience, and whether company insiders have been buying stock.
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