Analysts Have Made A Financial Statement On Saudi Awwal Bank's (TADAWUL:1060) First-Quarter Report

It's been a good week for Saudi Awwal Bank (TADAWUL:1060) shareholders, because the company has just released its latest first-quarter results, and the shares gained 3.9% to ر.س34.50. It was a credible result overall, with revenues of ر.س3.6b and statutory earnings per share of ر.س0.98 both in line with analyst estimates, showing that Saudi Awwal Bank is executing in line with expectations. 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. So we collected the latest post-earnings statutory consensus estimates to see what could be in store for next year.

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Taking into account the latest results, the consensus forecast from Saudi Awwal Bank's ten analysts is for revenues of ر.س15.0b in 2025. This reflects a decent 11% improvement in revenue compared to the last 12 months. Statutory earnings per share are predicted to increase 3.8% to ر.س3.94. In the lead-up to this report, the analysts had been modelling revenues of ر.س15.2b and earnings per share (EPS) of ر.س3.97 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.

Check out our latest analysis for Saudi Awwal Bank

It will come as no surprise then, to learn that the consensus price target is largely unchanged at ر.س45.48. 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. The most optimistic Saudi Awwal Bank analyst has a price target of ر.س54.00 per share, while the most pessimistic values it at ر.س38.70. As you can see, analysts are not all in agreement on the stock's future, but the range of estimates is still reasonably narrow, which could suggest that the outcome is not totally unpredictable.

Another way we can view these estimates is in the context of the bigger picture, such as how the forecasts stack up against past performance, and whether forecasts are more or less bullish relative to other companies in the industry. The period to the end of 2025 brings more of the same, according to the analysts, with revenue forecast to display 15% growth on an annualised basis. That is in line with its 16% annual growth over the past five years. Compare this with the broader industry, which analyst estimates (in aggregate) suggest will see revenues grow 11% annually. So it's pretty clear that Saudi Awwal Bank is forecast to grow substantially faster than its industry.

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. 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 ر.س45.48, with the latest estimates not enough to have an impact on their price targets.

With that in mind, we wouldn't be too quick to come to a conclusion on Saudi Awwal Bank. Long-term earnings power is much more important than next year's profits. At Simply Wall St, we have a full range of analyst estimates for Saudi Awwal Bank going out to 2027, and you can see them free on our platform here..

It is also worth noting that we have found 1 warning sign for Saudi Awwal Bank 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.