Does Worley’s Upgraded 2026 Revenue Outlook Reinforce the Bull Case for ASX:WOR?

• Worley Limited recently provided earnings guidance indicating it expects higher revenue growth for the full year 2026 compared to FY2025.
• This outlook stands out as it signals management’s confidence in Worley’s operational performance and opportunities across its core business sectors.
• We’ll examine how Worley’s upgraded revenue growth forecast for 2026 could impact its overall investment narrative and prospects.

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Worley Investment Narrative Recap

To be a shareholder in Worley, one must believe in the company’s ability to deliver steady revenue and earnings growth by capturing opportunities in sustainability-related projects and adapting to changes in global energy markets. The recent upgraded revenue outlook for FY2026 is a positive signal but does not fundamentally shift the short-term catalyst: Worley's ongoing push to secure higher-margin consulting and advisory work. The biggest risk remains margin pressure if high-value services do not accelerate in line with company ambitions, which this guidance does not materially mitigate.

Among recent updates, Worley’s completion of a A$168 million share buyback stands out as most directly related to commitment on returning value to shareholders, including in times of mixed revenue performance. This capital management activity is relevant, particularly as investors consider the signals from an improved revenue forecast and how Worley may balance growth ambitions with shareholder returns.

In contrast, risks from prolonged margin compression, especially if procurement revenue outweighs growth in higher-margin segments, are issues every investor should be aware of…

Read the full narrative on Worley (it's free!)

Worley's outlook anticipates A$14.9 billion in revenue and A$598.7 million in earnings by 2028. Achieving these targets requires a 10.0% annual revenue growth rate and a rise in earnings of A$189.7 million from the current level of A$409.0 million.

Uncover how Worley's forecasts yield a A$17.01 fair value, a 28% upside to its current price.

Exploring Other Perspectives

Three retail investors in the Simply Wall St Community have set fair values for Worley between A$16.68 and A$17.20 per share. With revenue growth identified as a key catalyst, this range underscores how differently shareholders may view the company’s medium term prospects and financial upside.

Explore 3 other fair value estimates on Worley - why the stock might be worth as much as 29% more than the current price!

Build Your Own Worley Narrative

Disagree with existing narratives? Create your own in under 3 minutes - extraordinary investment returns rarely come from following the herd.

• A great starting point for your Worley research is our analysis highlighting 4 key rewards and 1 important warning sign that could impact your investment decision.
• Our free Worley research report provides a comprehensive fundamental analysis summarized in a single visual - the Snowflake - making it easy to evaluate Worley's overall financial health at a glance.

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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.

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