Tenneco Clean Air India Limited Just Recorded A 12% Revenue Beat: Here's What Analysts Think

Tenneco Clean Air India Limited (NSE:TENNIND) last week reported its latest second-quarter results, which makes it a good time for investors to dive in and see if the business is performing in line with expectations. Tenneco Clean Air India beat revenue forecasts by a solid 12% to hit ₹17b. Statutory earnings per share came in at ₹14.95, in line with 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. So we collected the latest post-earnings statutory consensus estimates to see what could be in store for next year.

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After the latest results, the seven analysts covering Tenneco Clean Air India are now predicting revenues of ₹65.3b in 2027. If met, this would reflect a satisfactory 7.5% improvement in revenue compared to the last 12 months. Statutory earnings per share are predicted to increase 9.5% to ₹16.91. Before this earnings report, the analysts had been forecasting revenues of ₹62.6b and earnings per share (EPS) of ₹17.09 in 2027. There doesn't appear to have been a major change in sentiment following the results, other than the small increase to revenue estimates.

Check out our latest analysis for Tenneco Clean Air India

Even though revenue forecasts increased, there was no change to the consensus price target of ₹630, suggesting the analysts are focused on earnings as the driver of value creation. 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 Tenneco Clean Air India at ₹680 per share, while the most bearish prices it at ₹469. This shows there is still a bit of diversity in estimates, but analysts don't appear to be totally split on the stock as though it might be a success or failure situation.

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. We would highlight that Tenneco Clean Air India's revenue growth is expected to slow, with the forecast 16% annualised growth rate until the end of 2027 being well below the historical 21% growth over the last year. By way of comparison, the other companies in this industry with analyst coverage are forecast to grow their revenue at 12% annually. Even after the forecast slowdown in growth, it seems obvious that Tenneco Clean Air India is also 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, they also upgraded their revenue estimates, and are forecasting them 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.

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 estimates - from multiple Tenneco Clean Air India analysts - going out to 2029, and you can see them free on our platform here.

We also provide an overview of the Tenneco Clean Air India Board and CEO remuneration and length of tenure at the company, and whether insiders have been buying the stock, here.

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