Investors in Saudi Awwal Bank (TADAWUL:1060) had a good week, as its shares rose 3.5% to close at ر.س33.30 following the release of its interim results. The result was positive overall - although revenues of ر.س7.3b were in line with what the analysts predicted, Saudi Awwal Bank surprised by delivering a statutory profit of ر.س1.02 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. So we collected the latest post-earnings statutory consensus estimates to see what could be in store for next year.

After the latest results, the eight analysts covering Saudi Awwal Bank are now predicting revenues of ر.س15.0b in 2026. If met, this would reflect a reasonable 7.3% improvement in revenue compared to the last 12 months. Statutory per-share earnings are expected to be ر.س3.88, roughly flat on the last 12 months. Yet prior to the latest earnings, the analysts had been anticipated revenues of ر.س15.0b and earnings per share (EPS) of ر.س3.91 in 2026. 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.

It will come as no surprise then, to learn that the consensus price target is largely unchanged at ر.س41.39. 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. Currently, the most bullish analyst values Saudi Awwal Bank at ر.س49.00 per share, while the most bearish prices it at ر.س38.00. This is a very narrow spread of estimates, implying either that Saudi Awwal Bank is an easy company to value, or - more likely - the analysts are relying heavily on some key assumptions.

Taking a look at the bigger picture now, one of the ways we can understand these forecasts is to see how they compare to 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 15% growth on an annualised basis. That is in line with its 15% 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 9.0% per year. So although Saudi Awwal Bank 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. 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.

Keeping that in mind, we still think that the longer term trajectory of the business is much more important for investors to consider. At Simply Wall St, we have a full range of analyst estimates for Saudi Awwal Bank going out to 2028, and you can see them free on our platform here..

Don't forget that there may still be risks.

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.