Emirates Integrated Telecommunications Company PJSC (DFM:DU) Just Reported Second-Quarter Earnings: Have Analysts Changed Their Mind On The Stock?
Last week saw the newest quarterly earnings release from Emirates Integrated Telecommunications Company PJSC (DFM:DU), an important milestone in the company's journey to build a stronger business. Emirates Integrated Telecommunications Company PJSC reported in line with analyst predictions, delivering revenues of د.إ4.1b and statutory earnings per share of د.إ0.64, suggesting the business is executing well and in line with its plan. Earnings are an important time for investors, as they can track a company's performance, look at what the analysts are forecasting for next year, and see if there's been a change in sentiment towards the company. So we collected the latest post-earnings statutory consensus estimates to see what could be in store for next year.
Taking into account the latest results, the most recent consensus for Emirates Integrated Telecommunications Company PJSC from seven analysts is for revenues of د.إ16.8b in 2026. If met, it would imply an okay 2.5% increase on its revenue over the past 12 months. Statutory per-share earnings are expected to be د.إ0.67, roughly flat on the last 12 months. In the lead-up to this report, the analysts had been modelling revenues of د.إ16.7b and earnings per share (EPS) of د.إ0.69 in 2026. So it looks like there's been a small decline in overall sentiment after the recent results - there's been no major change to revenue estimates, but the analysts did make a minor downgrade to their earnings per share forecasts.
See our latest analysis for Emirates Integrated Telecommunications Company PJSC
The consensus price target held steady at د.إ11.44, with the analysts seemingly voting that their lower forecast earnings are not expected to lead to a lower stock price in the foreseeable future. There's another way to think about price targets though, and that's to look at the range of price targets put forward by analysts, because a wide range of estimates could suggest a diverse view on possible outcomes for the business. There are some variant perceptions on Emirates Integrated Telecommunications Company PJSC, with the most bullish analyst valuing it at د.إ13.90 and the most bearish at د.إ9.96 per share. There are definitely some different views on the stock, but the range of estimates is not wide enough as to imply that the situation is unforecastable, in our view.
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 Emirates Integrated Telecommunications Company PJSC's revenue growth is expected to slow, with the forecast 5.0% annualised growth rate until the end of 2026 being well below the historical 7.5% 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) 3.8% per year. Even after the forecast slowdown in growth, it seems obvious that Emirates Integrated Telecommunications Company PJSC is also expected to grow faster than the wider industry.
The Bottom Line
The most important thing to take away is that the analysts downgraded their earnings per share estimates, showing that there has been a clear decline in sentiment following these results. Happily, there were no major changes to revenue forecasts, with the business still expected to grow faster 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 Emirates Integrated Telecommunications Company PJSC 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 Emirates Integrated Telecommunications Company PJSC .
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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.