Analysts' Revenue Estimates For Emaar Development PJSC (DFM:EMAARDEV) Are Surging Higher

Shareholders in Emaar Development PJSC (DFM:EMAARDEV) may be thrilled to learn that the analysts have just delivered a major upgrade to their near-term forecasts. The consensus estimated revenue numbers rose, with their view now clearly much more bullish on the company's business prospects.

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Following the upgrade, the latest consensus from Emaar Development PJSC's nine analysts is for revenues of د.إ27b in 2025, which would reflect a major 30% improvement in sales compared to the last 12 months. Prior to the latest estimates, the analysts were forecasting revenues of د.إ24b in 2025. It looks like there's been a clear increase in optimism around Emaar Development PJSC, given the solid increase in revenue forecasts.

Check out our latest analysis for Emaar Development PJSC

There was no particular change to the consensus price target of د.إ14.82, with Emaar Development PJSC's latest outlook seemingly not enough to result in a change of valuation.

One way to get more context on these forecasts is to look at how they compare to both past performance, and how other companies in the same industry are performing. It's clear from the latest estimates that Emaar Development PJSC's rate of growth is expected to accelerate meaningfully, with the forecast 42% annualised revenue growth to the end of 2025 noticeably faster than its historical growth of 7.9% p.a. over the past five years. Compare this with other companies in the same industry, which are forecast to grow their revenue 15% annually. Factoring in the forecast acceleration in revenue, it's pretty clear that Emaar Development PJSC is expected to grow much faster than its industry.

The Bottom Line

The highlight for us was that analysts increased their revenue forecasts for Emaar Development PJSC this year. Analysts also expect revenues to grow faster than the wider market. Seeing the dramatic upgrade to this year's forecasts, it might be time to take another look at Emaar Development PJSC.

Unanswered questions? At least one of Emaar Development PJSC's nine analysts has provided estimates out to 2027, which can be seen for free on our platform here.

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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.