Analysts' Revenue Estimates For ACWA Power Company (TADAWUL:2082) Are Surging Higher

Celebrations may be in order for ACWA Power Company (TADAWUL:2082) shareholders, with the analysts delivering a significant upgrade to their statutory estimates for the company. The consensus estimated revenue numbers rose, with their view now clearly much more bullish on the company's business prospects.

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After this upgrade, ACWA Power's four analysts are now forecasting revenues of ر.س8.5b in 2025. This would be a major 21% improvement in sales compared to the last 12 months. Statutory earnings per share are anticipated to dip 6.4% to ر.س2.41 in the same period. Prior to this update, the analysts had been forecasting revenues of ر.س7.7b and earnings per share (EPS) of ر.س2.41 in 2025. There's clearly been a surge in bullishness around the company's sales pipeline, even if there's no real change in earnings per share forecasts.

View our latest analysis for ACWA Power

These estimates are interesting, but it can be useful to paint some more broad strokes when seeing how forecasts compare, both to the ACWA Power's past performance and to peers in the same industry. The analysts are definitely expecting ACWA Power's growth to accelerate, with the forecast 30% annualised growth to the end of 2025 ranking favourably alongside historical growth of 9.8% per annum over the past three years. Compare this with other companies in the same industry, which are forecast to grow their revenue 7.9% annually. It seems obvious that, while the growth outlook is brighter than the recent past, the analysts also expect ACWA Power to grow faster than the wider industry.

The Bottom Line

The most obvious conclusion from this consensus update is that there's been no major change in the business' prospects in recent times, with analysts holding earnings per share steady, in line with previous estimates. They also upgraded their revenue estimates for this year, and sales are expected to grow faster than the wider market. Seeing the dramatic upgrade to this year's forecasts, it might be time to take another look at ACWA Power.

Still, the long-term prospects of the business are much more relevant than next year's earnings. We have estimates - from multiple ACWA Power analysts - going out to 2027, and you can see them 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.