Dubai Taxi Company P.J.S.C. Just Missed Earnings - But Analysts Have Updated Their Models

The yearly results for Dubai Taxi Company P.J.S.C. (DFM:DTC) were released last week, making it a good time to revisit its performance. Revenues of د.إ2.2b were in line with forecasts, although statutory earnings per share (EPS) came in below expectations at د.إ0.13, missing estimates by 9.1%. 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. With this in mind, we've gathered the latest statutory forecasts to see what the analysts are expecting for next year.

See our latest analysis for Dubai Taxi Company P.J.S.C

Following the latest results, Dubai Taxi Company P.J.S.C's five analysts are now forecasting revenues of د.إ2.54b in 2025. This would be a solid 16% improvement in revenue compared to the last 12 months. Statutory earnings per share are predicted to leap 36% to د.إ0.18. In the lead-up to this report, the analysts had been modelling revenues of د.إ2.55b and earnings per share (EPS) of د.إ0.16 in 2025. There was no real change to the revenue estimates, but the analysts do seem more bullish on earnings, given the nice gain to earnings per share expectations following these results.

There's been no major changes to the consensus price target of د.إ3.01, suggesting that the improved earnings per share outlook is not enough to have a long-term positive impact on the stock's valuation. It could also be instructive to look at the range of analyst estimates, to evaluate how different the outlier opinions are from the mean. The most optimistic Dubai Taxi Company P.J.S.C analyst has a price target of د.إ3.25 per share, while the most pessimistic values it at د.إ2.85. The narrow spread of estimates could suggest that the business' future is relatively easy to value, or thatthe analysts have a strong view on its prospects.

These estimates are interesting, but it can be useful to paint some more broad strokes when seeing how forecasts compare, both to the Dubai Taxi Company P.J.S.C's past performance and to peers in the same industry. It's clear from the latest estimates that Dubai Taxi Company P.J.S.C's rate of growth is expected to accelerate meaningfully, with the forecast 16% annualised revenue growth to the end of 2025 noticeably faster than its historical growth of 11% 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 4.0% per year. It seems obvious that, while the growth outlook is brighter than the recent past, the analysts also expect Dubai Taxi Company P.J.S.C to grow faster than the wider industry.

The Bottom Line

The biggest takeaway for us is the consensus earnings per share upgrade, which suggests a clear improvement in sentiment around Dubai Taxi Company P.J.S.C's earnings potential next year. Happily, there were no major changes to revenue forecasts, with the business still expected to grow faster than the wider industry. The consensus price target held steady at د.إ3.01, 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. At Simply Wall St, we have a full range of analyst estimates for Dubai Taxi Company P.J.S.C going out to 2027, and you can see them free on our platform here..

You still need to take note of risks, for example - Dubai Taxi Company P.J.S.C has 3 warning signs (and 1 which is concerning) we think you should know about.

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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.