Shareholders might have noticed that Almarai Company (TADAWUL:2280) filed its quarterly result this time last week. The early response was not positive, with shares down 6.0% to ر.س48.18 in the past week. Almarai reported in line with analyst predictions, delivering revenues of ر.س5.3b and statutory earnings per share of ر.س2.31, suggesting the business is executing well and in line with its plan. This is an important time for investors, as they can track a company's performance in its report, look at what experts are forecasting for next year, and see if there has been any change to expectations for the business. 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 consensus forecast from Almarai's 14 analysts is for revenues of ر.س22.3b in 2025. This reflects a modest 3.9% improvement in revenue compared to the last 12 months. Per-share earnings are expected to increase 5.7% to ر.س2.52. Before this earnings report, the analysts had been forecasting revenues of ر.س22.2b and earnings per share (EPS) of ر.س2.54 in 2025. So it's pretty clear that, although the analysts have updated their estimates, there's been no major change in expectations for the business following the latest results.

There were no changes to revenue or earnings estimates or the price target of ر.س63.61, suggesting that the company has met expectations in its recent result. 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. The most optimistic Almarai analyst has a price target of ر.س71.50 per share, while the most pessimistic values it at ر.س57.20. With such a narrow range of valuations, the analysts apparently share similar views on what they think the business is worth.

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 can infer from the latest estimates that forecasts expect a continuation of Almarai'shistorical trends, as the 8.0% annualised revenue growth to the end of 2025 is roughly in line with the 8.1% annual growth over the past five years. Compare this with the broader industry, which analyst estimates (in aggregate) suggest will see revenues grow 7.3% annually. So although Almarai is expected to maintain its revenue growth rate, it's only growing at about the rate of the wider industry.

The Bottom Line

The most important thing to take away is that there's been no major change in sentiment, with the analysts reconfirming that the business is performing in line with their previous earnings per share estimates. Happily, there were no real changes to revenue forecasts, with the business still expected to grow in line with the overall 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.

With that in mind, we wouldn't be too quick to come to a conclusion on Almarai. Long-term earnings power is much more important than next year's profits. At Simply Wall St, we have a full range of analyst estimates for Almarai going out to 2027, and you can see them free on our platform here..

Even so, be aware that Almarai is showing 2 warning signs in our investment analysis , you should know about...

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.