AZURE POWER GLOBAL LTD (AZRE) Forecast, Price Target & Analyst Ratings

NYSE:AZRE • MU0527S00004

Current stock price

1.69 USD
-0.05 (-2.87%)
At close:
1.74 USD
+0.05 (+2.96%)
After Hours:

Analyst forecast overview

View the latest analyst price targets, stock forecast, EPS estimates, revenue projections, revisions, full estimates, rating distribution and upgrades/downgrades for AZURE POWER GLOBAL LTD (AZRE).

Forecast Snapshot

Consensus Price Target

Price Target
$4.08
+ 141.42% Upside
→ Price target details

Next Earnings Forecast

Earnings Estimate
Release Date
Jul 27, 2023
Period
Q4 / 2022
EPS Estimate
₹0.13
Revenue Estimate
70.992M
→ Full earnings forecast details

ChartMill Buy Consensus

Rating
40.00%
Weighted Analyst Rating Score
→ Analyst Ratings details

Price Target Details & History

Consensus Price Target and Range

Mean target
$4.08
Upside
+ 141.42%
From current price of $1.69 to mean target of $4.08, Based on 6 analyst forecasts
Low
$4.04
Median
$4.08
High
$4.20

Price Target Revisions

1 Month
0.00%
3 Months
0.00%

Price Target Summary

6 Wall Street analysts provided a forecast for the next 12 months for AZRE. The average price target is 4.08 USD. This implies a price increase of 141.42% is expected in the next year compared to the current price of 1.69.
→ Find peer stocks trading 30% below analyst price target

Analyst Ratings & History

Current Analyst Ratings

AZRE Current Analyst RatingAZRE Current Analyst Buy, Sell and Hold Ratings.Current Analyst Rating Strong Buy Buy Hold Sell Strong Sell 0.5 1 1.5

Analyst Ratings History

AZRE Historical Analyst RatingsAZRE Historical Analyst Buy, Sell and Hold Ratings and number of analysts.Historical Monthly Analyst Rating -19 -17 -15 -13 -11 -9 -7 -5 -3 -1 2 4 6 8 10

Analyst Ratings Consensus

ChartMill Buy Consensus
40.00%
AZRE was analyzed by 6 analysts. The buy percentage consensus is at 40. So analysts seem to be rather negative about AZRE.
In the previous month the buy percentage consensus was at a similar level.
AZRE was analyzed by 6 analysts. More opinions would make the average more meaningful.
→ Find peer stocks with a buy consensus above 85%

Recent Upgrades & Downgrades

DateFirmActionFrom → To
2023-01-13Credit SuisseMaintains Underperform
2022-09-02RBC CapitalDowngrade Outperform -> Sector Perform
2022-08-30Credit SuisseDowngrade Outperform -> Underperform
2022-03-03RBC CapitalMaintains Outperform
2021-09-01BarclaysMaintains Overweight
2021-09-01Roth CapitalMaintains Buy
2021-06-17BarclaysMaintains Overweight
2021-04-07RBC CapitalInitiate Outperform

Next Earnings Forecast Details

Next Earnings Details

Release Date
Jul 27, 2023
Period
Q4 / 2022
EPS Estimate
₹0.13
Revenue Estimate
70.992M
Revenue Q2Q
-98.34%
EPS Q2Q
2.00%
Number of Analysts
3

Next Earnings Revisions

Revenue (1 Month)
0.00%
Revenue (3 Months)
-0.72%
EPS (1 Month)
0.00%
EPS (3 Months)
0.00%

Next Earnings Summary

AZRE is expected to report earnings on 7/27/2023. The consensus EPS estimate for the next earnings is 0.13 USD and the consensus revenue estimate is 70.99M USD.
The next earnings revenue estimate has been revised downward by 0.72% in the past 3 months.
→ Find peers expecting at least 20% revenue growth next quarter

Full Analyst Estimates

Yearly Earnings Per Share (EPS), Revenue, EBIT, EBITDA and Operating Margin Analyst Estimates

2019 2020 2021 2022 2023 2024
Revenue
YoY % growth
AZRE revenue by date.AZRE revenue by date.
9.926B
28.89%		12.958B
30.55%		15.236B
17.58%		252.19M
-98.34%		278.22M
10.32%		23.918B
8,496.79%
EBITDA
YoY % growth
AZRE ebitda by date.AZRE ebitda by date.
7.743B
33.02%		9.378B
21.12%		10.987B
17.16%		212.73M
-98.06%		249.58M
17.32%		20.042B
7,930.29%
EBIT
YoY % growth
AZRE ebit by date.AZRE ebit by date.
5.606B
42.32%		6.518B
16.27%		7.785B
19.44%		159.74M
-97.95%		195.79M
22.57%		15.693B
7,915.22%
Operating Margin
AZRE operating margin by date.AZRE operating margin by date.
56.48%50.30%51.10%63.34%70.37%65.61%
EPS
YoY % growth
AZRE eps by date.AZRE eps by date.
-0.03
94.00%		-0.76
-2,433.33%		-0.22
71.05%		0.07
132.45%		0.02
-67.05%		40.35
171,410.11%

All data in INR

Quarterly Earnings Per Share (EPS), Revenue, EBIT and EBITDA Analyst Estimates

Q4 / 22 Q1 / 23
EPS
Q2Q % growth		0.13
2.00%		0.22
12.20%
Revenue
Q2Q % growth		70.992M
-98.34%		80.376M
-98.19%
EBITDA
Q2Q % growth		59.16M
-99.03%		67.32M
-98.16%
EBIT
Q2Q % growth		44.778M
-98.47%		52.326M
-98.16%

All data in INR

Yearly Earnings Per Share (EPS) and Revenue Trends vs Historical Data

AZRE Yearly Revenue VS EstimatesAZRE Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 5B 10B 15B 20B
AZRE Yearly EPS VS EstimatesAZRE Yearly EPS VS EstimatesYearly EPS VS Estimates 2017 2018 2019 2020 2021 2022 2023 2024 0 10 20 30 40

Long Term Forward Growth Forecast Summary

Long Term EPS Growth (CAGR)

EPS Next 3 Year
470.20%
EPS Next 5 Year
N/A

Long Term Revenue Growth (CAGR)

Revenue Next 3 Year
382.17%
Revenue Next 5 Year
N/A

Long Term EBIT Growth (CAGR)

EBIT Next 3 Year
471.45%
EBIT Next 5 Year
N/A
→ Find peers expecting at least 20% CAGR revenue growth over the next 3 years

AZURE POWER GLOBAL LTD / AZRE Forecast FAQ

Can you provide the average price target for AZURE POWER GLOBAL LTD stock?

6 analysts have analysed AZRE and the average price target is 4.08 USD. This implies a price increase of 141.42% is expected in the next year compared to the current price of 1.69.

When does AZURE POWER GLOBAL LTD (AZRE) report earnings?

AZURE POWER GLOBAL LTD (AZRE) will report earnings on 2023-07-27.

What are the consensus estimates for AZRE stock next earnings?

The consensus EPS estimate for the next earnings of AZURE POWER GLOBAL LTD (AZRE) is 0.13 USD and the consensus revenue estimate is 70.99M USD.

Can you provide the consensus rating for AZURE POWER GLOBAL LTD stock?

The consensus rating for AZURE POWER GLOBAL LTD (AZRE) is 40 / 100 . This indicates that analysts generally have a neutral outlook on the stock.