As you might know, National Energy Services Reunited Corp. (NASDAQ:NESR) just kicked off its latest first-quarter results with some very strong numbers. It was overall a positive result, with revenues beating expectations by 9.1% to hit US$405m. National Energy Services Reunited also reported a statutory profit of US$0.23, which was an impressive 22% above what the analysts had forecast. 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. Readers will be glad to know we've aggregated the latest statutory forecasts to see whether the analysts have changed their mind on National Energy Services Reunited after the latest results.

Taking into account the latest results, the consensus forecast from National Energy Services Reunited's seven analysts is for revenues of US$1.84b in 2026. This reflects a sizeable 29% improvement in revenue compared to the last 12 months. Statutory earnings per share are predicted to surge 150% to US$1.60. In the lead-up to this report, the analysts had been modelling revenues of US$1.81b and earnings per share (EPS) of US$1.45 in 2026. Although the revenue estimates have not really changed, we can see there's been a solid gain to earnings per share expectations, suggesting that the analysts have become more bullish after the latest result.

The consensus price target rose 6.3% to US$31.43, suggesting that higher earnings estimates flow through to the stock's valuation as well. It could also be instructive to look at the range of analyst estimates, to evaluate how different the outlier opinions are from the mean. There are some variant perceptions on National Energy Services Reunited, with the most bullish analyst valuing it at US$35.00 and the most bearish at US$30.00 per share. 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. It's clear from the latest estimates that National Energy Services Reunited's rate of growth is expected to accelerate meaningfully, with the forecast 40% annualised revenue growth to the end of 2026 noticeably faster than its historical growth of 10% p.a. over the past five years. By contrast, our data suggests that other companies (with analyst coverage) in a similar industry are forecast to grow their revenue at 5.8% per year. It seems obvious that, while the growth outlook is brighter than the recent past, the analysts also expect National Energy Services Reunited to grow faster than the wider industry.

The Bottom Line

The most important thing here is that the analysts upgraded their earnings per share estimates, suggesting that there has been a clear increase in optimism towards National Energy Services Reunited following these results. Fortunately, they also reconfirmed their revenue numbers, suggesting that it's tracking in line with expectations. Additionally, our data suggests that revenue is expected to grow faster than the wider industry. There was also a nice increase in the price target, with the analysts clearly feeling that the intrinsic value of the business is improving.

With that in mind, we wouldn't be too quick to come to a conclusion on National Energy Services Reunited. 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 National Energy Services Reunited going out to 2028, and you can see them free on our platform here..

You can also view our analysis of National Energy Services Reunited's balance sheet, and whether we think National Energy Services Reunited 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.