Analysts Have Made A Financial Statement On Affle 3i Limited's (NSE:AFFLE) First-Quarter Report
Affle 3i Limited (NSE:AFFLE) came out with its quarterly results last week, and we wanted to see how the business is performing and what industry forecasters think of the company following this report. Affle 3i reported ₹7.5b in revenue, roughly in line with analyst forecasts, although statutory earnings per share (EPS) of ₹9.02 beat expectations, being 3.9% higher than what the analysts expected. 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. Readers will be glad to know we've aggregated the latest statutory forecasts to see whether the analysts have changed their mind on Affle 3i after the latest results.
Taking into account the latest results, the current consensus from Affle 3i's eleven analysts is for revenues of ₹32.6b in 2027. This would reflect a meaningful 15% increase on its revenue over the past 12 months. Statutory earnings per share are predicted to grow 17% to ₹39.64. In the lead-up to this report, the analysts had been modelling revenues of ₹32.5b and earnings per share (EPS) of ₹39.40 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.
View our latest analysis for Affle 3i
It will come as no surprise then, to learn that the consensus price target is largely unchanged at ₹1,982. 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 ₹1,840. With such a narrow range of valuations, the analysts apparently share similar views on what they think the business is worth.
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 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 24% 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 obvious conclusion is that there's been no major change in the business' prospects in recent times, with the analysts holding their earnings forecasts steady, in line with previous 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 ₹1,982, 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 estimates - from multiple Affle 3i analysts - going out to 2029, and you can see them free on our platform here.
Another thing to consider is whether management and directors have been buying or selling stock recently. We provide an overview of all open market stock trades for the last twelve months on our platform, here.
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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.