StocksMedium•13 November 2026•
1 min read
Arabian Drilling Shares Surge 11% After Q3 Earnings Beat Estimates by 20%
Key Facts
1Arabian Drilling shares rose 11% to SAR 103 following its third-quarter results.
2Statutory earnings per share reached SAR 0.35, exceeding analyst estimates by 20%.
3Analysts upgraded revenue forecasts for 2027 to SAR 4.26b while reducing EPS expectations for the same period.
Arabian Drilling shares rose 11% to SAR 103 following the announcement of its third-quarter financial results. Simply Wall St reported that statutory earnings per share reached SAR 0.35, exceeding analyst estimates by 20%, while revenues of SAR 811m were approximately in line with expectations.
Arabian Drilling closed at SAR 103.2 on November 12, 2026, after reaching a session high of SAR 104. Analysts upgraded revenue forecasts for 2027 to SAR 4.26b while implementing a small reduction in EPS expectations for the same period, though the consensus price target remained steady at SAR 105.