Analysts downgraded Discovery Limited’s 2026 revenue forecast to R61 billion. This revision represents a 33% decline compared to the last twelve months. The updated figure drops significantly from the previous estimate of R85 billion.
Statutory earnings per share (EPS) forecasts fell to R17.17 from R17.59. Analysts maintained the price target at R298 despite these lowered projections. This stability suggests the revisions may not impact the company's long-term valuation.
The new forecast implies a 54% annualized revenue decline through the end of 2026. This trend reverses the company's 4.1% historical growth rate recorded over the last five years. Analysts indicated that previous sales projections for the insurer were likely overly optimistic.