We Like ADNOC Drilling Company P.J.S.C's (ADX:ADNOCDRILL) Earnings For More Than Just Statutory Profit

February 19, 2022

ADNOC Drilling Company P.J.S.C.'s (ADX:ADNOCDRILL) robust recent earnings didn't do much to move the stock. However the statutory profit number doesn't tell the whole story, and we have found some factors which might be of concern to shareholders.

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

earnings-and-revenue-history — ADX:ADNOCDRILL Earnings and Revenue History February 19th 2022

Our Take On ADNOC Drilling Company P.J.S.C's Profit Performance

Therefore, it seems possible to us that ADNOC Drilling Company P.J.S.C's true underlying earnings power is actually less than its statutory profit. Ultimately, this article has formed an opinion based on historical data. However, it can also be great to think about what analysts are forecasting for the future. So feel free to check out our free graph representing analyst forecasts.

In this article we've looked at a number of factors that can impair the utility of profit numbers, as a guide to a business. But there are plenty of other ways to inform your opinion of a company. For example, many people consider a high return on equity as an indication of favorable business economics, while others like to 'follow the money' and search out stocks that insiders are buying. While it might take a little research on your behalf, you may find this free collection of companies boasting high return on equity, or this list of stocks that insiders are buying to be useful.

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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.