Estimates
Source: S&P Capital IQ consensus via Xpressfeed · Generated 2026-07-19.
Street snapshot
Coverage is thin at two analysts, both rating the stock outperform, for a consensus recommendation score of 2. Their price targets span USD 85 to 125 around a 105 mean and median.
Currency: USD · Scale: money in millions, absolute (per share) · Analyst counts shown explicitly; recommendation respondents: 2.
| Street view | Reading | Analysts |
|---|---|---|
| Recommendation mix | Buy 0, Outperform 2, Hold 0, Underperform 0, Sell 0 | 2 |
| Consensus score | 2.00 | 2 |
| Target price | mean 105.0; high 125.0; low 85.00 | 2 |
Forward table
Revenue is seen dipping from about USD 5,454m in FY2025 to USD 5,296m in FY2026 before recovering to USD 5,551m in FY2027, while normalized EPS still climbs from 7.45 to 9.07 and gross margin edges up from 24.4% toward 25%. EBITDA rises across the window from 707m to 784m, so the earnings path looks driven more by margin than by top-line growth.
Currency: USD · Scale: money in millions, absolute (per share) · Analyst count is the estimate count for each period and metric.
| Period | Metric | Mean | YoY | Analysts | Low / high |
|---|---|---|---|---|---|
| FY0E | Revenue | 5,296 | -2.5% | 2 | 5,274 / 5,318 |
| FY0E | EBITDA | 749.5 | 6.8% | 2 | 747.9 / 751.0 |
| FY0E | EBIT | 619.9 | 15.4% | — | — / — |
| FY0E | Net income (GAAP) | 404.4 | 26.8% | 2 | 403.3 / 405.5 |
| FY0E | Net income (normalized) | 459.9 | 6.7% | — | — / — |
| FY0E | EPS (GAAP) | 7.43 | 34.9% | 2 | 7.41 / 7.46 |
| FY0E | EPS (normalized) | 8.44 | 14.6% | 2 | 8.40 / 8.47 |
| FY0E | Gross margin | 25.4% | 4.1% | — | — / — |
| FY+1E | Revenue | 5,551 | 4.8% | 2 | 5,503 / 5,598 |
| FY+1E | EBITDA | 784.0 | 4.6% | 2 | 767.9 / 800.2 |
| FY+1E | EBIT | 653.6 | 5.4% | — | — / — |
| FY+1E | Net income (GAAP) | 427.6 | 5.7% | 2 | 424.5 / 430.7 |
| FY+1E | Net income (normalized) | 490.6 | 6.7% | — | — / — |
| FY+1E | EPS (GAAP) | 7.96 | 7.0% | 2 | 7.86 / 8.05 |
| FY+1E | EPS (normalized) | 9.07 | 7.5% | 2 | 8.95 / 9.19 |
| FY+1E | Gross margin | 25.3% | -0.4% | — | — / — |
| Q3 FY2026 | Revenue | 1,327 | -1.6% | 2 | 1,311 / 1,344 |
| Q3 FY2026 | EBITDA | 192.5 | -2.9% | 2 | 188.9 / 196.1 |
| Q3 FY2026 | EBIT | 159.9 | 36.6% | — | — / — |
| Q3 FY2026 | Net income (GAAP) | 103.7 | -2.1% | 2 | 100.7 / 106.8 |
| Q3 FY2026 | Net income (normalized) | 121.7 | 31.1% | — | — / — |
| Q3 FY2026 | EPS (GAAP) | 1.93 | 3.5% | 2 | 1.87 / 1.98 |
| Q3 FY2026 | EPS (normalized) | 2.21 | 2.1% | 2 | 2.15 / 2.26 |
| Q3 FY2026 | Gross margin | 25.7% | 11.0% | — | — / — |
| Q4 FY2026 | Revenue | 1,317 | -0.1% | 2 | 1,311 / 1,323 |
| Q4 FY2026 | EBITDA | 198.5 | 23.9% | 2 | 196.5 / 200.5 |
| Q4 FY2026 | EBIT | 165.9 | 26.1% | — | — / — |
| Q4 FY2026 | Net income (GAAP) | 109.2 | 45.0% | 2 | 107.9 / 110.5 |
| Q4 FY2026 | Net income (normalized) | 122.9 | 25.4% | — | — / — |
| Q4 FY2026 | EPS (GAAP) | 2.04 | 54.2% | 2 | 2.02 / 2.05 |
| Q4 FY2026 | EPS (normalized) | 2.31 | 42.3% | 2 | 2.28 / 2.33 |
| Q4 FY2026 | Gross margin | 26.0% | 6.1% | — | — / — |
| Q1 FY2027 | Revenue | 1,409 | 4.8% | 1 | 1,409 / 1,409 |
| Q1 FY2027 | EBITDA | 200.7 | 17.8% | 1 | 200.7 / 200.7 |
| Q1 FY2027 | EBIT | 167.4 | 21.9% | — | — / — |
| Q1 FY2027 | Net income (GAAP) | 107.6 | 14.6% | 1 | 107.6 / 107.6 |
| Q1 FY2027 | Net income (normalized) | 122.6 | 12.7% | — | — / — |
| Q1 FY2027 | EPS (GAAP) | 2.02 | 18.8% | 1 | 2.02 / 2.02 |
| Q1 FY2027 | EPS (normalized) | 2.31 | 24.9% | 1 | 2.31 / 2.31 |
| Q1 FY2027 | Gross margin | 25.1% | 9.6% | — | — / — |
| Q2 FY2027 | Revenue | 1,380 | 5.7% | 1 | 1,380 / 1,380 |
| Q2 FY2027 | EBITDA | 195.4 | 3.9% | 1 | 195.4 / 195.4 |
| Q2 FY2027 | EBIT | 163.1 | 14.1% | — | — / — |
| Q2 FY2027 | Net income (GAAP) | 104.5 | 6.6% | 1 | 104.5 / 104.5 |
| Q2 FY2027 | Net income (normalized) | 119.5 | 8.6% | — | — / — |
| Q2 FY2027 | EPS (GAAP) | 1.96 | 8.9% | 1 | 1.96 / 1.96 |
| Q2 FY2027 | EPS (normalized) | 2.24 | 8.2% | 1 | 2.24 / 2.24 |
| Q2 FY2027 | Gross margin | 25.0% | 4.6% | — | — / — |
Estimate momentum
Only FY2027 carries revision history here. Over the past 180 days normalized EPS consensus rose from 8.68 to 9.07 while revenue was trimmed from 5,741m to 5,551m, and both were essentially unchanged over the last 30 days.
Currency: USD · Scale: money in millions, absolute (per share) · Point-in-time consensus; analyst count is shown where supplied.
| Period | Metric | Lookback | Then | Now | Direction / magnitude | Analysts |
|---|---|---|---|---|---|---|
| 2027 | EPS (normalized) | 30d | 9.07 | 9.07 | flat 0.0% | — |
| 2027 | EPS (normalized) | 90d | 9.12 | 9.07 | down 0.5% | — |
| 2027 | EPS (normalized) | 180d | 8.68 | 9.07 | up 4.5% | — |
| 2027 | Revenue | 30d | 5,551 | 5,551 | flat 0.0% | — |
| 2027 | Revenue | 90d | 5,680 | 5,551 | down 2.3% | — |
| 2027 | Revenue | 180d | 5,741 | 5,551 | down 3.3% | — |
Beat / miss record
Across the last eight quarters normalized EPS has beaten consensus in six, including outsized 45.7% and 40.7% surprises in the quarters ended March and June 2025. Revenue is more mixed, swinging from mid-single-digit beats into three straight small misses in the most recent quarters.
Current sequences by metric: Revenue: 3 consecutive misses; EPS (normalized): 2 consecutive beats.
Currency: USD · Scale: money in millions, absolute (per share) · Consensus is captured before each actual first became effective; analyst count shown per observation.
| Quarter | Metric | Consensus as of | Actual | Surprise | Outcome | Analysts |
|---|---|---|---|---|---|---|
| Q2 FY2026 | Revenue | 1,318 | 1,306 | -0.9% | Miss | — |
| Q2 FY2026 | EPS (normalized) | 1.97 | 2.07 | 5.3% | Beat | — |
| Q1 FY2026 | Revenue | 1,375 | 1,345 | -2.2% | Miss | — |
| Q1 FY2026 | EPS (normalized) | 1.82 | 1.85 | 1.6% | Beat | — |
| Q4 FY2025 | Revenue | 1,341 | 1,318 | -1.7% | Miss | — |
| Q4 FY2025 | EPS (normalized) | 1.67 | 1.62 | -3.0% | Miss | — |
| Q3 FY2025 | Revenue | 1,316 | 1,348 | 2.5% | Beat | — |
| Q3 FY2025 | EPS (normalized) | 1.53 | 2.16 | 40.7% | Beat | — |
| Q2 FY2025 | Revenue | 1,294 | 1,362 | 5.2% | Beat | — |
| Q2 FY2025 | EPS (normalized) | 1.38 | 2.01 | 45.7% | Beat | — |
| Q1 FY2025 | Revenue | 1,289 | 1,403 | 8.8% | Beat | — |
| Q1 FY2025 | EPS (normalized) | 1.37 | 1.61 | 17.5% | Beat | — |
| Q4 FY2024 | Revenue | 1,307 | 1,316 | 0.7% | Beat | — |
| Q4 FY2024 | EPS (normalized) | 1.48 | 1.46 | -1.4% | Miss | — |
| Q3 FY2024 | Revenue | 1,285 | 1,315 | 2.3% | Beat | — |
| Q3 FY2024 | EPS (normalized) | 1.52 | 1.74 | 14.7% | Beat | — |
Where the street disagrees
With no more than two estimates behind any line, dispersion signals are weak.
Currency: USD · Scale: money in millions, absolute (per share) · Dispersion is high-low divided by absolute mean; analyst count shown per item.
| Period | Metric | Mean | Low | High | Spread / mean | Analysts |
|---|---|---|---|---|---|---|
| Q3 FY2025 | Net income (GAAP) | 71.44 | 67.00 | 75.87 | 12.4% | 2 |
| Q1 FY2026 | Net income (GAAP) | 87.00 | 82.20 | 91.80 | 11.0% | 2 |
| Q3 FY2025 | EPS (GAAP) | 1.24 | 1.17 | 1.30 | 10.5% | 2 |
| Q1 FY2026 | EBITDA | 172.4 | 164.6 | 180.3 | 9.1% | 2 |
| Q3 FY2025 | EPS (normalized) | 1.53 | 1.47 | 1.60 | 8.5% | 2 |