Emaar Properties PJSC Just Beat Analyst Forecasts, And Analysts Have Been Updating Their Predictions

Emaar Properties PJSC (DFM:EMAAR) defied analyst predictions to release its full-year results, which were ahead of market expectations. Emaar Properties PJSC beat earnings, with revenues hitting د.إ36b, ahead of expectations, and statutory earnings per share outperforming analyst reckonings by a solid 15%. Following the result, the analysts have updated their earnings model, and it would be good to know whether they think there's been a strong change in the company's prospects, or if it's business as usual. Readers will be glad to know we've aggregated the latest statutory forecasts to see whether the analysts have changed their mind on Emaar Properties PJSC after the latest results.

Check out our latest analysis for Emaar Properties PJSC

Taking into account the latest results, the most recent consensus for Emaar Properties PJSC from nine analysts is for revenues of د.إ38.8b in 2025. If met, it would imply a notable 9.3% increase on its revenue over the past 12 months. Statutory per-share earnings are expected to be د.إ1.52, roughly flat on the last 12 months. Yet prior to the latest earnings, the analysts had been anticipated revenues of د.إ38.4b and earnings per share (EPS) of د.إ1.50 in 2025. 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.

It will come as no surprise then, to learn that the consensus price target is largely unchanged at د.إ14.94. There's another way to think about price targets though, and that's to look at the range of price targets put forward by analysts, because a wide range of estimates could suggest a diverse view on possible outcomes for the business. The most optimistic Emaar Properties PJSC analyst has a price target of د.إ18.00 per share, while the most pessimistic values it at د.إ10.90. As you can see, analysts are not all in agreement on the stock's future, but the range of estimates is still reasonably narrow, which could suggest that the outcome is not totally unpredictable.

Of course, another way to look at these forecasts is to place them into context against the industry itself. The analysts are definitely expecting Emaar Properties PJSC's growth to accelerate, with the forecast 9.3% annualised growth to the end of 2025 ranking favourably alongside historical growth of 7.8% per annum over the past five years. By contrast, our data suggests that other companies (with analyst coverage) in a similar industry are forecast to grow their revenue at 12% per year. It seems obvious that, while the future growth outlook is brighter than the recent past, Emaar Properties PJSC is expected to grow slower than 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. Fortunately, the analysts also reconfirmed their revenue estimates, suggesting that it's tracking in line with expectations. Although our data does suggest that Emaar Properties PJSC's revenue is expected to perform worse than the wider industry. There was no real change to the consensus price target, suggesting that the intrinsic value of the business has not undergone any major changes with the latest estimates.

Following on from that line of thought, we think that the long-term prospects of the business are much more relevant than next year's earnings. We have estimates - from multiple Emaar Properties PJSC analysts - going out to 2027, and you can see them free on our platform here.

You should always think about risks though. Case in point, we've spotted 2 warning signs for Emaar Properties PJSC you should be aware of.

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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.