Etihad Etisalat Company (TADAWUL:7020) came out with its second-quarter results last week, and we wanted to see how the business is performing and what industry forecasters think of the company following this report. It was a credible result overall, with revenues of ر.س5.1b and statutory earnings per share of ر.س1.17 both in line with analyst estimates, showing that Etihad Etisalat is executing in line with expectations. 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. So we gathered the latest post-earnings forecasts to see what estimates suggest is in store for next year.

Taking into account the latest results, the consensus forecast from Etihad Etisalat's eight analysts is for revenues of ر.س21.0b in 2026. This reflects a credible 3.9% improvement in revenue compared to the last 12 months. Statutory earnings per share are predicted to accumulate 4.3% to ر.س4.96. Before this earnings report, the analysts had been forecasting revenues of ر.س20.9b and earnings per share (EPS) of ر.س4.83 in 2026. So the consensus seems to have become somewhat more optimistic on Etihad Etisalat's earnings potential following these results.

There's been no major changes to the consensus price target of ر.س76.97, suggesting that the improved earnings per share outlook is not enough to have a long-term positive impact on the stock's valuation. There's another way to think about price targets though, and that's to look at the range of price targets put forward by analysts, because a wide range of estimates could suggest a diverse view on possible outcomes for the business. Currently, the most bullish analyst values Etihad Etisalat at ر.س85.00 per share, while the most bearish prices it at ر.س68.30. This is a very narrow spread of estimates, implying either that Etihad Etisalat is an easy company to value, or - more likely - the analysts are relying heavily on some key assumptions.

Looking at the bigger picture now, one of the ways we can make sense of these forecasts is to see how they measure up against both past performance and industry growth estimates. The period to the end of 2026 brings more of the same, according to the analysts, with revenue forecast to display 8.0% growth on an annualised basis. That is in line with its 7.0% annual growth over the past five years. By contrast, our data suggests that other companies (with analyst coverage) in a similar industry are forecast to see their revenues grow 5.2% per year. So although Etihad Etisalat is expected to maintain its revenue growth rate, it's definitely expected to grow faster than the wider industry.

The Bottom Line

The biggest takeaway for us is the consensus earnings per share upgrade, which suggests a clear improvement in sentiment around Etihad Etisalat's earnings potential next year. 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 ر.س76.97, with the latest estimates not enough to have an impact on their price targets.

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 Etihad Etisalat analysts - going out to 2028, and you can see them free on our platform here.

You can also view our analysis of Etihad Etisalat's balance sheet, and whether we think Etihad Etisalat is carrying too much debt, for free on our platform here.

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.