Global Health Limited (NSE:MEDANTA) has recently announced its annual results, revealing a bullish outlook for the company. The reported figures exceeded analyst predictions, with revenues reaching ₹28 billion, surpassing expectations by 2.2%. Statutory earnings per share (EPS) came in at ₹12.57, which was 9.9% higher than the analysts had anticipated. These positive results indicate a promising future for the company and provide valuable insights for investors.
Looking ahead, analysts are optimistic about Global Health‘s performance in the coming year. They project revenues of ₹31.4 billion in 2024, reflecting a substantial 14% improvement in sales compared to the previous 12 months. Additionally, statutory earnings per share are predicted to soar by 23% to ₹14.97. It is worth noting that analysts had previously estimated revenues of ₹31.0 billion and EPS of ₹13.77 for 2024. The revised earnings per share estimates demonstrate the analysts’ growing confidence in the company’s potential.
The positive outlook has also led to an increase in price targets. The consensus price target for Global Health has risen by 12% to ₹653. While there are some variations in price targets among analysts, the range remains relatively narrow, indicating a consensus on the company’s value.
When considering Global Health’s future prospects, it is important to evaluate its forecasts in the context of past performance and industry growth estimates. Analysts expect the company’s revenue to grow at an annualized rate of 14% until the end of 2024, which aligns with its historical growth rate over the past five years. However, industry estimates suggest a slightly higher revenue growth rate of 15% annually. This implies that Global Health is expected to maintain its current growth trajectory but is projected to grow in line with the broader industry.
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