Indian Oil Corporation Limited Just Recorded A 21% EPS Beat: Here's What Analysts Are Forecasting Next

As you might know, Indian Oil Corporation Limited (NSE:IOC) just kicked off its latest yearly results with some very strong numbers. It was overall a positive result, with revenues beating expectations by 3.1% to hit ₹7.8t. Indian Oil also reported a statutory profit of ₹30.57, which was an impressive 21% above what the analysts had forecast. 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. We thought readers would find it interesting to see the analysts latest (statutory) post-earnings forecasts for next year.Trump has pledged to "unleash" American oil and gas and these 15 US stocks have developments that are poised to benefit.NSEI:IOC Earnings and Revenue Growth May 21st 2026 After the latest results, the 17 analysts covering Indian Oil are now predicting revenues of ₹9.05t in 2027. If met, this would reflect a meaningful 15% improvement in revenue compared to the last 12 months. Statutory earnings per share are expected to nosedive 66% to ₹10.36 in the same period. Before this earnings report, the analysts had been forecasting revenues of ₹8.41t and earnings per share (EPS) of ₹14.77 in 2027. While next year's revenue estimates increased, there was also a large cut to EPS expectations, suggesting the consensus has a bit of a mixed view of these results. Check out our latest analysis for Indian Oil The analysts also cut Indian Oil's price target 5.5% to ₹159, implying that lower forecast earnings are expected to have a more negative impact than can be offset by the increase in revenue. That's not the only conclusion we can draw from this data however, as some investors also like to consider the spread in estimates when evaluating analyst price targets. There are some variant perceptions on Indian Oil, with the most bullish analyst valuing it at ₹219 and the most bearish at ₹110 per share. Note the wide gap in analyst price targets? This implies to us that there is a fairly broad range of possible scenarios for the underlying business. Of course, another way to look at these forecasts is to place them into context against the industry itself. The analysts are definitely expecting Indian Oil's growth to accelerate, with the forecast 15% annualised growth to the end of 2027 ranking favourably alongside historical growth of 9.0% per annum over the past five years. By contrast, our data suggests that other companies (with analyst coverage) in a similar industry are forecast to grow their revenue at 6.2% per year. It seems obvious that, while the growth outlook is brighter than the recent past, the analysts also expect Indian Oil to grow faster than the wider industry. The Bottom Line The most important thing to take away is that the analysts downgraded their earnings per share estimates, showing that there has been a clear decline in sentiment following these results. Pleasantly, they also upgraded their revenue estimates, and their forecasts suggest the business is expected to grow faster than the wider industry. The consensus price target fell measurably, with the analysts seemingly not reassured by the latest results, leading to a lower estimate of Indian Oil's future valuation. 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 Indian Oil analysts - going out to 2029, and you can see them free on our platform here. Even so, be aware that Indian Oil is showing 3 warning signs in our investment analysis , and 1 of those doesn't sit too well with us... New: AI Stock Screener & AlertsOur new AI Stock Screener scans the market every day to uncover opportunities.• Dividend Powerhouses (3%+ Yield)• Undervalued Small Caps with Insider Buying• High growth Tech and AI CompaniesOr build your own from over 50 metrics.Explore Now for Free