Stock Analysis
- United Arab Emirates
- /
- Banks
- /
- DFM:MASQ
Mashreqbank PSC First Quarter 2024 Earnings: EPS: د.إ10.01 (vs د.إ8.03 in 1Q 2023)
Mashreqbank PSC (DFM:MASQ) First Quarter 2024 Results
Key Financial Results
- Revenue: د.إ3.10b (up 28% from 1Q 2023).
- Net income: د.إ2.01b (up 25% from 1Q 2023).
- Profit margin: 65% (down from 66% in 1Q 2023). The decrease in margin was driven by higher expenses.
- EPS: د.إ10.01 (up from د.إ8.03 in 1Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Mashreqbank PSC Earnings Insights
Looking ahead, revenue is forecast to grow 2.8% p.a. on average during the next 3 years, compared to a 5.4% growth forecast for the Banks industry in United Arab Emirates.
Performance of the Emirian Banks industry.
The company's shares are up 4.7% from a week ago.
Risk Analysis
Before we wrap up, we've discovered 3 warning signs for Mashreqbank PSC (1 can't be ignored!) that you should be aware of.
Valuation is complex, but we're helping make it simple.
Find out whether Mashreqbank PSC is potentially over or undervalued by checking out our comprehensive analysis, which includes fair value estimates, risks and warnings, dividends, insider transactions and financial health.
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About DFM:MASQ
Mashreqbank PSC
Mashreqbank PSC provides various banking and financial services to individuals and small businesses.
Flawless balance sheet with solid track record and pays a dividend.