Abu Dhabi National Oil Company for Distribution PJSC (ADX:ADNOCDIST) just released its second-quarter report and things are looking bullish. Statutory revenue of د.إ13b and earnings of د.إ0.10 both blasted past expectations, beating expectations by 30% and 42%, respectively, ahead of expectations. The analysts typically update their forecasts at each earnings report, and we can judge from their estimates whether their view of the company has changed or if there are any new concerns to be aware of. 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 Abu Dhabi National Oil Company for Distribution PJSC's eleven analysts is for revenues of د.إ43.7b in 2026. This reflects a satisfactory 7.0% improvement in revenue compared to the last 12 months. Statutory per share are forecast to be د.إ0.29, approximately in line with the last 12 months. In the lead-up to this report, the analysts had been modelling revenues of د.إ40.2b and earnings per share (EPS) of د.إ0.26 in 2026. It looks like there's been a modest increase in sentiment following the latest results, withthe analysts becoming a bit more optimistic in their predictions for both revenues and earnings.
View our latest analysis for Abu Dhabi National Oil Company for Distribution PJSC
Despite these upgrades,the analysts have not made any major changes to their price target of د.إ4.63, suggesting that the higher estimates are not likely to have a long term impact on what the stock is worth. 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 Abu Dhabi National Oil Company for Distribution PJSC, with the most bullish analyst valuing it at د.إ5.20 and the most bearish at د.إ4.15 per share. Even so, with a relatively close grouping of estimates, it looks like the analysts are quite confident in their valuations, suggesting Abu Dhabi National Oil Company for Distribution PJSC is an easy business to forecast or the the analysts are all using similar assumptions.
These estimates are interesting, but it can be useful to paint some more broad strokes when seeing how forecasts compare, both to the Abu Dhabi National Oil Company for Distribution PJSC's past performance and to peers in the same industry. The analysts are definitely expecting Abu Dhabi National Oil Company for Distribution PJSC's growth to accelerate, with the forecast 14% annualised growth to the end of 2026 ranking favourably alongside historical growth of 11% per annum over the past five years. Compare this with other companies in the same industry, which are forecast to grow their revenue 9.3% annually. Factoring in the forecast acceleration in revenue, it's pretty clear that Abu Dhabi National Oil Company for Distribution PJSC is expected to grow much faster than its 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 Abu Dhabi National Oil Company for Distribution PJSC following these results. Pleasantly, they also upgraded their revenue estimates, and their forecasts suggest the business is 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. We have estimates - from multiple Abu Dhabi National Oil Company for Distribution PJSC analysts - going out to 2028, and you can see them free on our platform here.
It is also worth noting that we have found 3 warning signs for Abu Dhabi National Oil Company for Distribution PJSC (1 makes us a bit uncomfortable!) that you need to take into consideration.
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