Results: Abu Dhabi National Oil Company for Distribution PJSC Beat Earnings Expectations And Analysts Now Have New Forecasts

Abu Dhabi National Oil Company for Distribution PJSC (ADX:ADNOCDIST) just released its latest third-quarter results and things are looking bullish. It was overall a positive result, with revenues beating expectations by 4.6% to hit د.إ9.1b. Abu Dhabi National Oil Company for Distribution PJSC also reported a statutory profit of د.إ0.053, which was an impressive 23% above what the analysts had forecast. This is an important time for investors, as they can track a company's performance in its report, look at what experts are forecasting for next year, and see if there has been any change to expectations for the business. We've gathered the most recent statutory forecasts to see whether the analysts have changed their earnings models, following these results.

See our latest analysis for Abu Dhabi National Oil Company for Distribution PJSC

Taking into account the latest results, the most recent consensus for Abu Dhabi National Oil Company for Distribution PJSC from eight analysts is for revenues of د.إ37.3b in 2025. If met, it would imply an okay 3.0% increase on its revenue over the past 12 months. Statutory earnings per share are predicted to swell 12% to د.إ0.23. Before this earnings report, the analysts had been forecasting revenues of د.إ36.8b and earnings per share (EPS) of د.إ0.22 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.إ4.28. 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 Abu Dhabi National Oil Company for Distribution PJSC, with the most bullish analyst valuing it at د.إ4.70 and the most bearish at د.إ3.70 per share. With such a narrow range of valuations, the analysts apparently share similar views on what they think the business is worth.

Taking a look at the bigger picture now, one of the ways we can understand these forecasts is to see how they compare to both past performance and industry growth estimates. It's pretty clear that there is an expectation that Abu Dhabi National Oil Company for Distribution PJSC's revenue growth will slow down substantially, with revenues to the end of 2025 expected to display 2.4% growth on an annualised basis. This is compared to a historical growth rate of 16% over the past 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 important thing to take away is that there's been no major change in sentiment, with the analysts reconfirming that the business is performing in line with their previous earnings per share 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.إ4.28, with the latest estimates not enough to have an impact on their price targets.

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 forecasts for Abu Dhabi National Oil Company for Distribution PJSC going out to 2026, 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 Abu Dhabi National Oil Company for Distribution 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.