Emaar Properties PJSC (DFM:EMAAR) Just Beat EPS By 14%: Here's What Analysts Are Forecasting For Next Year
Emaar Properties PJSC (DFM:EMAAR) just released its quarterly report and things are looking bullish. It was a decent earnings report, with revenues and statutory earnings per share (EPS) both performing well. Revenues were 13% higher than the analysts had forecast, at د.إ14b, while EPS of د.إ0.52 beat analyst models by 14%. The analysts typically update their forecasts at each earnings report, and we can judge from their estimates whether their view of the company has changed or if there are any new concerns to be aware of. So we gathered the latest post-earnings forecasts to see what estimates suggest is in store for next year.
Taking into account the latest results, the current consensus from Emaar Properties PJSC's twelve analysts is for revenues of د.إ60.4b in 2027. This would reflect a meaningful 12% increase on its revenue over the past 12 months. Statutory per share are forecast to be د.إ2.24, approximately in line with the last 12 months. In the lead-up to this report, the analysts had been modelling revenues of د.إ60.4b and earnings per share (EPS) of د.إ2.24 in 2027. So it's pretty clear that, although the analysts have updated their estimates, there's been no major change in expectations for the business following the latest results.
Check out our latest analysis for Emaar Properties PJSC
The analysts reconfirmed their price target of د.إ16.19, showing that the business is executing well and in line with expectations. 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. Currently, the most bullish analyst values Emaar Properties PJSC at د.إ19.10 per share, while the most bearish prices it at د.إ12.50. This shows there is still a bit of diversity in estimates, but analysts don't appear to be totally split on the stock as though it might be a success or failure situation.
Another way we can view these estimates is in the context of the bigger picture, such as how the forecasts stack up against past performance, and whether forecasts are more or less bullish relative to other companies in the industry. We would highlight that Emaar Properties PJSC's revenue growth is expected to slow, with the forecast 9.4% annualised growth rate until the end of 2027 being well below the historical 17% p.a. growth over the last five years. Compare this to the 11 other companies in this industry with analyst coverage, which are forecast to grow their revenue at 10% per year. So it's pretty clear that, while Emaar Properties PJSC's revenue growth is expected to slow, it's expected to grow roughly in line with the industry.
The Bottom Line
The most obvious conclusion is that there's been no major change in the business' prospects in recent times, with the analysts holding their earnings forecasts steady, in line with previous estimates. They also reconfirmed their revenue estimates, with the company predicted to grow at about the same rate as the wider industry. The consensus price target held steady at د.إ16.19, with the latest estimates not enough to have an impact on their price targets.
Keeping that in mind, we still think that the longer term trajectory of the business is much more important for investors to consider. We have forecasts for Emaar Properties PJSC going out to 2028, and you can see them free on our platform here.
And what about risks? Every company has them, and we've spotted 1 warning sign for Emaar Properties PJSC you should know about.
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