The first-quarter results for Saudi Arabian Mining Company (Maaden) (TADAWUL:1211) were released last week, making it a good time to revisit its performance. Revenues were ر.س8.8b, 11% below analyst expectations, although losses didn't appear to worsen significantly, with a per-share statutory loss of ر.س1.91 being in line with what the analysts forecast. 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 thought readers would find it interesting to see the analysts latest (statutory) post-earnings forecasts for next year.

Taking into account the latest results, the consensus forecast from Saudi Arabian Mining Company (Maaden)'s seven analysts is for revenues of ر.س47.1b in 2026. This reflects a major 21% improvement in revenue compared to the last 12 months. Per-share earnings are expected to bounce 49% to ر.س2.85. Before this earnings report, the analysts had been forecasting revenues of ر.س40.6b and earnings per share (EPS) of ر.س2.77 in 2026. The analysts seem more optimistic after the latest results, with a substantial gain in revenue and a small increase to earnings per share estimates.

Althoughthe analysts have upgraded their earnings estimates, there was no change to the consensus price target of ر.س66.62, suggesting that the forecast performance does not have a long term impact on the company'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. 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. This shows there is still a bit of diversity in estimates, but analysts don't appear to be totally split on the stock as though it might be a success or failure situation.

Of course, another way to look at these forecasts is to place them into context against the industry itself. It's clear from the latest estimates that Saudi Arabian Mining Company (Maaden)'s rate of growth is expected to accelerate meaningfully, with the forecast 29% annualised revenue growth to the end of 2026 noticeably faster than its historical growth of 6.9% 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 3.6% per year. Factoring in the forecast acceleration in revenue, it's pretty clear that Saudi Arabian Mining Company (Maaden) is expected to grow much faster than its industry.

The Bottom Line

The biggest takeaway for us is the consensus earnings per share upgrade, which suggests a clear improvement in sentiment around Saudi Arabian Mining Company (Maaden)'s earnings potential next year. Happily, they also upgraded their revenue estimates, and are forecasting them to grow faster than the wider industry. The consensus price target held steady at ر.س66.62, with the latest estimates not enough to have an impact on their price targets.

With that in mind, we wouldn't be too quick to come to a conclusion on Saudi Arabian Mining Company (Maaden). Long-term earnings power is much more important than next year's profits. We have estimates - from multiple Saudi Arabian Mining Company (Maaden) analysts - 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.

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.