It's been a good week for BSE Limited (NSE:BSE) shareholders, because the company has just released its latest quarterly results, and the shares gained 8.2% to ₹3,800. BSE reported in line with analyst predictions, delivering revenues of ₹14b and statutory earnings per share of ₹60.61, suggesting the business is executing well and in line with its plan. 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 collected the latest post-earnings statutory consensus estimates to see what could be in store for next year.
Taking into account the latest results, the consensus forecast from BSE's 18 analysts is for revenues of ₹63.6b in 2027. This reflects a credible 2.6% improvement in revenue compared to the last 12 months. Statutory earnings per share are predicted to increase 5.0% to ₹79.32. Yet prior to the latest earnings, the analysts had been anticipated revenues of ₹63.5b and earnings per share (EPS) of ₹79.79 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.
Check out our latest analysis for BSE
It will come as no surprise then, to learn that the consensus price target is largely unchanged at ₹3,725. It could also be instructive to look at the range of analyst estimates, to evaluate how different the outlier opinions are from the mean. There are some variant perceptions on BSE, with the most bullish analyst valuing it at ₹4,711 and the most bearish at ₹2,820 per share. Analysts definitely have varying views on the business, but the spread of estimates is not wide enough in our view to suggest that extreme outcomes could await BSE shareholders.
Looking at the bigger picture now, one of the ways we can make sense of these forecasts is to see how they measure up against both past performance and industry growth estimates. It's pretty clear that there is an expectation that BSE's revenue growth will slow down substantially, with revenues to the end of 2027 expected to display 5.3% growth on an annualised basis. This is compared to a historical growth rate of 45% over the past five years. By way of comparison, the other companies in this industry with analyst coverage are forecast to grow their revenue at 11% per year. So it's pretty clear that, while revenue growth is expected to slow down, the wider industry is also expected to grow faster than BSE.
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. On the plus side, there were no major changes to revenue estimates; although forecasts imply they will perform worse than the wider industry. The consensus price target held steady at ₹3,725, 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 BSE going out to 2029, and you can see them free on our platform here.
We also provide an overview of the BSE Board and CEO remuneration and length of tenure at the company, and whether insiders have been buying the stock, here.
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