Aldar Properties PJSC (ADX:ALDAR) Just Released Its Second-Quarter Results And Analysts Are Updating Their Estimates
Last week, you might have seen that Aldar Properties PJSC (ADX:ALDAR) released its second-quarter result to the market. The early response was not positive, with shares down 2.4% to د.إ7.43 in the past week. It was a workmanlike result, with revenues of د.إ8.1b coming in 3.1% ahead of expectations, and statutory earnings per share of د.إ0.28, in line with analyst appraisals. 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.
Taking into account the latest results, the consensus forecast from Aldar Properties PJSC's ten analysts is for revenues of د.إ36.3b in 2026. This reflects a satisfactory 3.3% improvement in revenue compared to the last 12 months. Statutory earnings per share are expected to dip 2.0% to د.إ1.01 in the same period. Yet prior to the latest earnings, the analysts had been anticipated revenues of د.إ38.1b and earnings per share (EPS) of د.إ1.04 in 2026. It's pretty clear that pessimism has reared its head after the latest results, leading to a weaker revenue outlook and a small dip in earnings per share estimates.
View our latest analysis for Aldar Properties PJSC
Despite the cuts to forecast earnings, there was no real change to the د.إ10.73 price target, showing that the analysts don't think the changes have a meaningful impact on its intrinsic value. 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. There are some variant perceptions on Aldar Properties PJSC, with the most bullish analyst valuing it at د.إ14.00 and the most bearish at د.إ8.50 per share. This shows there is still a bit of diversity in estimates, but analysts don't appear to be totally split on the stock as though it might be a success or failure situation.
These estimates are interesting, but it can be useful to paint some more broad strokes when seeing how forecasts compare, both to the Aldar Properties PJSC's past performance and to peers in the same industry. We would highlight that Aldar Properties PJSC's revenue growth is expected to slow, with the forecast 6.8% annualised growth rate until the end of 2026 being well below the historical 32% p.a. growth over the last five years. Compare this against other companies (with analyst forecasts) in the industry, which are in aggregate expected to see revenue growth of 11% annually. Factoring in the forecast slowdown in growth, it seems obvious that Aldar Properties PJSC is also expected to grow slower than other industry participants.
The Bottom Line
The biggest concern is that the analysts reduced their earnings per share estimates, suggesting business headwinds could lay ahead for Aldar Properties PJSC. On the negative side, they also downgraded their revenue estimates, and forecasts imply they will perform worse than the wider industry. The consensus price target held steady at د.إ10.73, 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. At Simply Wall St, we have a full range of analyst estimates for Aldar Properties PJSC going out to 2028, and you can see them free on our platform here..
You can also see whether Aldar Properties PJSC 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.