Analyst Estimates: Here's What Brokers Think Of Rasan Information Technology Company (TADAWUL:8313) After Its Third-Quarter Report

The third-quarter results for Rasan Information Technology Company (TADAWUL:8313) were released last week, making it a good time to revisit its performance. The results were positive, with revenue coming in at ر.س301m, beating analyst expectations by 7.1%. 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. With this in mind, we've gathered the latest statutory forecasts to see what the analysts are expecting for next year.

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Taking into account the latest results, the consensus forecast from Rasan Information Technology's eight analysts is for revenues of ر.س1.32b in 2027. This reflects a huge 36% improvement in revenue compared to the last 12 months. Per-share earnings are expected to soar 29% to ر.س6.40. In the lead-up to this report, the analysts had been modelling revenues of ر.س1.32b and earnings per share (EPS) of ر.س6.40 in 2027. 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.

See our latest analysis for Rasan Information Technology

The analysts reconfirmed their price target of ر.س170, showing that the business is executing well and in line with expectations. Fixating on a single price target can be unwise though, since the consensus target is effectively the average of analyst price targets. As a result, some investors like to look at the range of estimates to see if there are any diverging opinions on the company's valuation. The most optimistic Rasan Information Technology analyst has a price target of ر.س200 per share, while the most pessimistic values it at ر.س135. 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.

These estimates are interesting, but it can be useful to paint some more broad strokes when seeing how forecasts compare, both to the Rasan Information Technology's past performance and to peers in the same industry. We would highlight that Rasan Information Technology's revenue growth is expected to slow, with the forecast 28% annualised growth rate until the end of 2027 being well below the historical 42% p.a. growth over the last five years. By contrast, our data suggests that other companies (with analyst coverage) in a similar industry are forecast to see their revenue shrink 2.8% per year. So it's clear that despite the slowdown in growth, Rasan Information Technology is still expected to grow meaningfully faster than the wider 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. Fortunately, they also reconfirmed their revenue estimates, suggesting that it's tracking in line with expectations. Their estimates also suggest that Rasan Information Technology's revenue is expected to perform better than the wider industry. The consensus price target held steady at ر.س170, with the latest estimates not enough to have an impact on their price targets.

With that said, the long-term trajectory of the company's earnings is a lot more important than next year. We have forecasts for Rasan Information Technology going out to 2028, and you can see them free on our platform here.

Plus, you should also learn about the 1 warning sign we've spotted with Rasan Information Technology .

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