The ADNOC Drilling Company P.J.S.C. (ADX:ADNOCDRILL) Second-Quarter Results Are Out And Analysts Have Published New Forecasts

It's been a good week for ADNOC Drilling Company P.J.S.C. (ADX:ADNOCDRILL) shareholders, because the company has just released its latest quarterly results, and the shares gained 2.1% to د.إ5.82. ADNOC Drilling Company P.J.S.C reported US$1.2b in revenue, roughly in line with analyst forecasts, although statutory earnings per share (EPS) of US$0.022 beat expectations, being 2.1% higher than what the analysts expected. This is an important time for investors, as they can track a company's performance in its report, look at what experts are forecasting for next year, and see if there has been any change to expectations for the business. So we collected the latest post-earnings statutory consensus estimates to see what could be in store for next year.

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Taking into account the latest results, the most recent consensus for ADNOC Drilling Company P.J.S.C from 13 analysts is for revenues of US$4.75b in 2025. If met, it would imply an okay 3.8% increase on its revenue over the past 12 months. Statutory per-share earnings are expected to be US$0.089, roughly flat on the last 12 months. Yet prior to the latest earnings, the analysts had been anticipated revenues of US$4.78b and earnings per share (EPS) of US$0.09 in 2025. The consensus analysts don't seem to have seen anything in these results that would have changed their view on the business, given there's been no major change to their estimates.

Check out our latest analysis for ADNOC Drilling Company P.J.S.C

There were no changes to revenue or earnings estimates or the price target of د.إ6.44, suggesting that the company has met expectations in its recent result. The consensus price target is just an average of individual analyst targets, so - it could be handy to see how wide the range of underlying estimates is. Currently, the most bullish analyst values ADNOC Drilling Company P.J.S.C at د.إ6.90 per share, while the most bearish prices it at د.إ5.61. 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.

These estimates are interesting, but it can be useful to paint some more broad strokes when seeing how forecasts compare, both to the ADNOC Drilling Company P.J.S.C's past performance and to peers in the same industry. We would highlight that ADNOC Drilling Company P.J.S.C's revenue growth is expected to slow, with the forecast 7.7% annualised growth rate until the end of 2025 being well below the historical 21% p.a. growth over the last three years. Compare this to the 133 other companies in this industry with analyst coverage, which are forecast to grow their revenue at 6.4% per year. Factoring in the forecast slowdown in growth, it looks like ADNOC Drilling Company P.J.S.C is forecast to grow at about the same rate as the wider 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. Happily, there were no real changes to revenue forecasts, with the business still expected to grow in line with the overall industry. The consensus price target held steady at د.إ6.44, with the latest estimates not enough to have an impact on their price targets.

With that said, the long-term trajectory of the company's earnings is a lot more important than next year. At Simply Wall St, we have a full range of analyst estimates for ADNOC Drilling Company P.J.S.C going out to 2027, and you can see them free on our platform here..

It is also worth noting that we have found 1 warning sign for ADNOC Drilling Company P.J.S.C that you need to take into consideration.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.