Aldrees Petroleum and Transport Services Company (TADAWUL:4200) Just Released Its Third-Quarter Results And Analysts Are Updating Their Estimates

It's been a good week for Aldrees Petroleum and Transport Services Company (TADAWUL:4200) shareholders, because the company has just released its latest third-quarter results, and the shares gained 5.7% to ر.س153. Results overall were respectable, with statutory earnings of ر.س3.38 per share roughly in line with what the analysts had forecast. Revenues of ر.س6.9b came in 2.7% ahead of analyst predictions. Following the result, the analysts have updated their earnings model, and it would be good to know whether they think there's been a strong change in the company's prospects, or if it's business as usual. Readers will be glad to know we've aggregated the latest statutory forecasts to see whether the analysts have changed their mind on Aldrees Petroleum and Transport Services after the latest results.

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Taking into account the latest results, the current consensus from Aldrees Petroleum and Transport Services' eight analysts is for revenues of ر.س29.9b in 2026. This would reflect a huge 24% increase on its revenue over the past 12 months. Per-share earnings are expected to step up 18% to ر.س4.79. Yet prior to the latest earnings, the analysts had been anticipated revenues of ر.س29.8b and earnings per share (EPS) of ر.س4.71 in 2026. The consensus analysts don't seem to have seen anything in these results that would have changed their view on the business, given there's been no major change to their estimates.

View our latest analysis for Aldrees Petroleum and Transport Services

The analysts reconfirmed their price target of ر.س141, showing that the business is executing well and in line with expectations. That's not the only conclusion we can draw from this data however, as some investors also like to consider the spread in estimates when evaluating analyst price targets. Currently, the most bullish analyst values Aldrees Petroleum and Transport Services at ر.س167 per share, while the most bearish prices it at ر.س110. These price targets show that analysts do have some differing views on the business, but the estimates do not vary enough to suggest to us that some are betting on wild success or utter failure.

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. We would highlight that Aldrees Petroleum and Transport Services' revenue growth is expected to slow, with the forecast 19% annualised growth rate until the end of 2026 being well below the historical 28% p.a. growth over the last five years. Juxtapose this against the other companies in the industry with analyst coverage, which are forecast to grow their revenues (in aggregate) 9.5% per year. So it's pretty clear that, while Aldrees Petroleum and Transport Services' revenue growth is expected to slow, it's still expected to grow faster than the industry itself.

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.س141, 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 Aldrees Petroleum and Transport Services going out to 2027, and you can see them free on our platform here.

You can also see our analysis of Aldrees Petroleum and Transport Services' Board and CEO remuneration and experience, and whether company insiders have been buying stock.

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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.