This article first appeared on GuruFocus .
Thermax Ltd ( NSE:THERMAX ) is set to release its Q3 2026 earnings on Feb 5, 2026. The consensus estimate for Q3 2026 revenue is $26.61 billion, and the earnings are expected to come in at $15.17 per share. The full year 2026's revenue is expected to be $108.77 billion, and the earnings are expected to be $57.55 per share. More detailed estimate data can be found on the Forecast page.
Thermax Ltd ( NSE:THERMAX ) Estimates Trends
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Over the past 90 days, revenue estimates for Thermax Ltd have declined for both 2026 and 2027. For the full year 2026, revenue estimates have decreased from $115.48 billion to $108.77 billion. For 2027, estimates have fallen from $132.59 billion to $125.73 billion. Similarly, earnings estimates have also seen a decline. For the full year 2026, earnings estimates have dropped from $67.24 per share to $57.55 per share. For 2027, estimates have decreased from $84.08 per share to $76.45 per share.
Thermax Ltd ( NSE:THERMAX ) Reported History
In the previous quarter ending on December 31, 2025, Thermax Ltd's actual revenue was $26.35 billion, which missed analysts' revenue expectations of $26.61 billion by 1.00%. Thermax Ltd's actual earnings were $18.12 per share, which beat analysts' earnings expectations of $15.17 per share by 19.45%. After releasing the results, Thermax Ltd's stock was down by 1.96% in one day.
Thermax Ltd ( NSE:THERMAX ) 12 Month Price Targets
Based on the one-year price targets offered by 20 analysts, the average target price for Thermax Ltd is $3,499.85, with a high estimate of $5,100 and a low estimate of $2,700. The average target implies an upside of 18.64% from the current price of $2,950.
Based on GuruFocus estimates, the estimated GF Value for Thermax Ltd in one year is $4,225.57, suggesting an upside of 43.24% from the current price of $2,950.
Based on the consensus recommendation from 21 brokerage firms, Thermax Ltd's average brokerage recommendation is currently 2.7, indicating a "Hold" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
