Analysts Are Updating Their Saudi Arabian Mining Company (Ma'aden) (TADAWUL:1211) Estimates After Its Third-Quarter Results

Last week saw the newest quarterly earnings release from Saudi Arabian Mining Company (Ma'aden) (TADAWUL:1211), an important milestone in the company's journey to build a stronger business. Saudi Arabian Mining Company (Ma'aden) reported ر.س10b in revenue, roughly in line with analyst forecasts, although statutory earnings per share (EPS) of ر.س0.57 beat expectations, being 3.6% higher than what the analysts expected. 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 gathered the latest post-earnings forecasts to see what estimates suggest is in store for next year.

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Following last week's earnings report, Saudi Arabian Mining Company (Ma'aden)'s nine analysts are forecasting 2026 revenues to be ر.س38.5b, approximately in line with the last 12 months. Per-share earnings are expected to bounce 49% to ر.س2.14. Before this earnings report, the analysts had been forecasting revenues of ر.س38.5b and earnings per share (EPS) of ر.س2.14 in 2026. 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.

View our latest analysis for Saudi Arabian Mining Company (Ma'aden)

It will come as no surprise then, to learn that the consensus price target is largely unchanged at ر.س55.37. 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 Saudi Arabian Mining Company (Ma'aden) analyst has a price target of ر.س71.80 per share, while the most pessimistic values it at ر.س38.20. This is a fairly broad spread of estimates, suggesting that analysts are forecasting a wide range of possible outcomes for the business.

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. We would highlight that Saudi Arabian Mining Company (Ma'aden)'s revenue growth is expected to slow, with the forecast 1.3% annualised growth rate until the end of 2026 being well below the historical 9.3% p.a. growth over the last five years. By way of comparison, the other companies in this industry with analyst coverage are forecast to grow their revenue at 4.0% per year. Factoring in the forecast slowdown in growth, it seems obvious that Saudi Arabian Mining Company (Ma'aden) is also expected to grow slower than other industry participants.

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. Fortunately, the analysts also reconfirmed their revenue estimates, suggesting that it's tracking in line with expectations. Although our data does suggest that Saudi Arabian Mining Company (Ma'aden)'s revenue is expected to perform worse than the wider industry. There was no real change to the consensus price target, suggesting that the intrinsic value of the business has not undergone any major changes with the latest estimates.

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 Saudi Arabian Mining Company (Ma'aden) going out to 2027, and you can see them free on our platform here..

You can also see whether Saudi Arabian Mining Company (Ma'aden) is carrying too much debt, and whether its balance sheet is healthy, for free on our platform here.

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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.