Broker Revenue Forecasts For Emaar Properties PJSC (DFM:EMAAR) Are Surging Higher

Celebrations may be in order for Emaar Properties PJSC (DFM:EMAAR) shareholders, with the analysts delivering a significant upgrade to their statutory estimates for the company. The revenue forecast for this year has experienced a facelift, with analysts now much more optimistic on its sales pipeline.

After this upgrade, Emaar Properties PJSC's eight analysts are now forecasting revenues of د.إ33b in 2022. This would be a sizeable 24% improvement in sales compared to the last 12 months. Before the latest update, the analysts were foreseeing د.إ26b of revenue in 2022. It looks like there's been a clear increase in optimism around Emaar Properties PJSC, given the sizeable gain to revenue forecasts.

Check out our latest analysis for Emaar Properties PJSC

There was no particular change to the consensus price target of د.إ6.23, with Emaar Properties PJSC's latest outlook seemingly not enough to result in a change of valuation. 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. There are some variant perceptions on Emaar Properties PJSC, with the most bullish analyst valuing it at د.إ7.00 and the most bearish at د.إ5.20 per share. Still, with such a tight range of estimates, it suggests the analysts have a pretty good idea of what they think the company is worth.

These estimates are interesting, but it can be useful to paint some more broad strokes when seeing how forecasts compare, both to the Emaar Properties PJSC's past performance and to peers in the same industry. It's clear from the latest estimates that Emaar Properties PJSC's rate of growth is expected to accelerate meaningfully, with the forecast 24% annualised revenue growth to the end of 2022 noticeably faster than its historical growth of 7.3% p.a. 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 1.8% per year. Factoring in the forecast acceleration in revenue, it's pretty clear that Emaar Properties 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 Properties PJSC this year. They're also forecasting more rapid revenue growth than the wider market. Given that analysts appear to be expecting substantial improvement in the sales pipeline, now could be the right time to take another look at Emaar Properties PJSC.

Looking for more information? At least one of Emaar Properties PJSC's eight analysts has provided estimates out to 2024, which can be seen for free on our platform here.

Of course, seeing company management invest large sums of money in a stock can be just as useful as knowing whether analysts are upgrading their estimates. So you may also wish to search this free list of stocks that insiders are buying.

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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.