Analysts Are Updating Their Emirates NBD Bank PJSC (DFM:EMIRATESNBD) Estimates After Its Third-Quarter Results
Emirates NBD Bank PJSC (DFM:EMIRATESNBD) shareholders are probably feeling a little disappointed, since its shares fell 5.0% to د.إ30.00 in the week after its latest quarterly results. The result was positive overall - although revenues of د.إ14b were in line with what the analysts predicted, Emirates NBD Bank PJSC surprised by delivering a statutory profit of د.إ0.98 per share, modestly greater than expected. Following the result, the analysts have updated their earnings model, and it would be good to know whether they think there's been a strong change in the company's prospects, or if it's business as usual. 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, the consensus forecast from Emirates NBD Bank PJSC's twelve analysts is for revenues of د.إ61.9b in 2027. This reflects a substantial 21% improvement in revenue compared to the last 12 months. Per-share earnings are expected to expand 11% to د.إ4.18. In the lead-up to this report, the analysts had been modelling revenues of د.إ61.9b and earnings per share (EPS) of د.إ4.13 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.
Check out our latest analysis for Emirates NBD Bank PJSC
The analysts reconfirmed their price target of د.إ34.87, 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. There are some variant perceptions on Emirates NBD Bank PJSC, with the most bullish analyst valuing it at د.إ39.00 and the most bearish at د.إ27.00 per share. 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.
Of course, another way to look at these forecasts is to place them into context against the industry itself. The period to the end of 2027 brings more of the same, according to the analysts, with revenue forecast to display 17% growth on an annualised basis. That is in line with its 19% annual growth over the past five years. Compare this with the broader industry, which analyst estimates (in aggregate) suggest will see revenues grow 9.1% annually. So although Emirates NBD Bank PJSC is expected to maintain its revenue growth rate, it's definitely expected to grow 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. Happily, there were no major changes to revenue forecasts, with the business still expected to grow faster than the wider industry. The consensus price target held steady at د.إ34.87, 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 Emirates NBD Bank PJSC going out to 2028, and you can see them free on our platform here..
You can also view our analysis of Emirates NBD Bank PJSC's balance sheet, and whether we think Emirates NBD Bank PJSC is carrying too much debt, for free on our platform here.
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