Saudi Arabian Mining Company (Maaden) Just Beat Revenue Estimates By 20%
It's been a good week for Saudi Arabian Mining Company (Maaden) (TADAWUL:1211) shareholders, because the company has just released its latest second-quarter results, and the shares gained 9.6% to ر.س64.15. Revenue of ر.س11b came in a notable 20% ahead of expectations, while statutory earnings of ر.س1.91 were in line with what the analysts had been forecasting. 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. We've gathered the most recent statutory forecasts to see whether the analysts have changed their earnings models, following these results.
Taking into account the latest results, Saudi Arabian Mining Company (Maaden)'s seven analysts currently expect revenues in 2026 to be ر.س40.0b, approximately in line with the last 12 months. Statutory earnings per share are predicted to leap 28% to ر.س2.54. Before this earnings report, the analysts had been forecasting revenues of ر.س40.0b and earnings per share (EPS) of ر.س2.52 in 2026. 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 Saudi Arabian Mining Company (Maaden)
There were no changes to revenue or earnings estimates or the price target of ر.س65.69, suggesting that the company has met expectations in its recent result. The consensus price target is just an average of individual analyst targets, so - it could be handy to see how wide the range of underlying estimates is. There are some variant perceptions on Saudi Arabian Mining Company (Maaden), with the most bullish analyst valuing it at ر.س80.00 and the most bearish at ر.س46.00 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.
One way to get more context on these forecasts is to look at how they compare to both past performance, and how other companies in the same industry are performing. We would highlight that revenue is expected to reverse, with a forecast 1.7% annualised decline to the end of 2026. That is a notable change from historical growth of 5.8% 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 4.6% per year. So although its revenues are forecast to shrink, this cloud does not come with a silver lining - Saudi Arabian Mining Company (Maaden) is expected to lag 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, the analysts also reconfirmed their revenue estimates, suggesting that it's tracking in line with expectations. Although our data does suggest that Saudi Arabian Mining Company (Maaden)'s revenue is expected to perform worse than the wider industry. The consensus price target held steady at ر.س65.69, with the latest estimates not enough to have an impact on their price targets.
Keeping that in mind, we still think that the longer term trajectory of the business is much more important for investors to consider. At Simply Wall St, we have a full range of analyst estimates for Saudi Arabian Mining Company (Maaden) going out to 2028, and you can see them free on our platform here..
You can also see whether Saudi Arabian Mining Company (Maaden) 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.