Emirates NBD Bank PJSC Third Quarter 2024 Earnings: Revenues Beat Expectations, EPS Lags

Emirates NBD Bank PJSC (DFM:EMIRATESNBD) Third Quarter 2024 Results

Key Financial Results

• Revenue: د.إ10.6b (down 2.3% from 3Q 2023).
• Net income: د.إ5.23b (flat on 3Q 2023).
• Profit margin: 49% (up from 48% in 3Q 2023). The increase in margin was driven by lower expenses.
• EPS: د.إ0.81 (in line with 3Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Emirates NBD Bank PJSC Revenues Beat Expectations, EPS Falls Short

Revenue exceeded analyst estimates by 3.7%. Earnings per share (EPS) missed analyst estimates by 5.5%.

Looking ahead, revenue is forecast to grow 2.3% p.a. on average during the next 3 years, compared to a 4.9% growth forecast for the Banks industry in United Arab Emirates.

Performance of the Emirian Banks industry.

The company's share price is broadly unchanged from a week ago.

Risk Analysis

We should say that we've discovered 1 warning sign for Emirates NBD Bank PJSC that you should be aware of before investing here.

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