Need To Know: The Consensus Just Cut Its Emaar Development PJSC (DFM:EMAARDEV) Estimates For 2026
Today is shaping up negative for Emaar Development PJSC (DFM:EMAARDEV) shareholders, with the analysts delivering a substantial negative revision to this year's forecasts. There was a fairly draconian cut to their revenue estimates, perhaps an implicit admission that previous forecasts were much too optimistic.
Following the downgrade, the consensus from eight analysts covering Emaar Development PJSC is for revenues of د.إ28b in 2026, implying a not inconsiderable 10% decline in sales compared to the last 12 months. Statutory earnings per share are supposed to dip 4.5% to د.إ3.13 in the same period. Prior to this update, the analysts had been forecasting revenues of د.إ32b and earnings per share (EPS) of د.إ3.12 in 2026. So there's been a clear change in analyst sentiment in the recent update, with the analysts making a substantial drop in revenues and reconfirming their earnings per share estimates.
Check out our latest analysis for Emaar Development PJSC
The average price target was steady at د.إ18.00 even though revenue estimates declined; likely suggesting the analysts place a higher value on earnings.
Another way we can view these estimates is in the context of the bigger picture, such as how the forecasts stack up against past performance, and whether forecasts are more or less bullish relative to other companies in the industry. We would highlight that sales are expected to reverse, with a forecast 20% annualised revenue decline to the end of 2026. That is a notable change from historical growth of 19% over the last five years. Compare this with our data, which suggests that other companies in the same industry are, in aggregate, expected to see their revenue grow 11% per year. So although its revenues are forecast to shrink, this cloud does not come with a silver lining - Emaar Development PJSC is expected to lag 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. Unfortunately analysts also downgraded their revenue estimates, and industry data suggests that Emaar Development PJSC's revenues are expected to grow slower than the wider market. Given the stark change in sentiment, we'd understand if investors became more cautious on Emaar Development PJSC after today.
With that said, the long-term trajectory of the company's earnings is a lot more important than next year. We have estimates - from multiple Emaar Development PJSC analysts - going out to 2028, and you can see them free on our platform here.
Of course, seeing company management invest large sums of money in a stock can be just as useful as knowing whether analysts are downgrading their estimates. So you may also wish to search this free list of stocks with high insider ownership.
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
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.