Analysts Are Updating Their Abu Dhabi National Oil Company for Distribution PJSC (ADX:ADNOCDIST) Estimates After Its Annual Results

Last week, you might have seen that Abu Dhabi National Oil Company for Distribution PJSC (ADX:ADNOCDIST) released its annual result to the market. The early response was not positive, with shares down 2.2% to د.إ3.51 in the past week. Revenues of د.إ35b were in line with forecasts, although statutory earnings per share (EPS) came in below expectations at د.إ0.19, missing estimates by 2.5%. The analysts typically update their forecasts at each earnings report, and we can judge from their estimates whether their view of the company has changed or if there are any new concerns to be aware of. So we collected the latest post-earnings statutory consensus estimates to see what could be in store for next year.

Check out our latest analysis for Abu Dhabi National Oil Company for Distribution PJSC

Taking into account the latest results, Abu Dhabi National Oil Company for Distribution PJSC's seven analysts currently expect revenues in 2025 to be د.إ36.1b, approximately in line with the last 12 months. Per-share earnings are expected to climb 12% to د.إ0.22. In the lead-up to this report, the analysts had been modelling revenues of د.إ36.4b and earnings per share (EPS) of د.إ0.22 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.

There were no changes to revenue or earnings estimates or the price target of د.إ4.24, suggesting that the company has met expectations in its recent result. It could also be instructive to look at the range of analyst estimates, to evaluate how different the outlier opinions are from the mean. Currently, the most bullish analyst values Abu Dhabi National Oil Company for Distribution PJSC at د.إ4.65 per share, while the most bearish prices it at د.إ3.63. With such a narrow range of valuations, the analysts apparently share similar views on what they think the business is worth.

Of course, another way to look at these forecasts is to place them into context against the industry itself. We would highlight that Abu Dhabi National Oil Company for Distribution PJSC's revenue growth is expected to slow, with the forecast 1.8% annualised growth rate until the end of 2025 being well below the historical 17% p.a. growth over the last five years. Compare this against other companies (with analyst forecasts) in the industry, which are in aggregate expected to see revenue growth of 10% annually. So it's pretty clear that, while revenue growth is expected to slow down, the wider industry is also expected to grow faster than Abu Dhabi National Oil Company for Distribution PJSC.

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. On the plus side, there were no major changes to revenue estimates; although forecasts imply they will perform worse than the wider industry. The consensus price target held steady at د.إ4.24, 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 Abu Dhabi National Oil Company for Distribution PJSC going out to 2027, and you can see them free on our platform here..

It is also worth noting that we have found 2 warning signs for Abu Dhabi National Oil Company for Distribution PJSC (1 doesn't sit too well with us!) 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.