Mashreqbank PSC Third Quarter 2024 Earnings: EPS: د.إ8.83 (vs د.إ11.23 in 3Q 2023)

Simply Wall St

October 30, 2024

Mashreqbank PSC (DFM:MASQ) Third Quarter 2024 Results

Key Financial Results

Revenue: د.إ2.85b (down 10% from 3Q 2023).
Net income: د.إ1.77b (down 21% from 3Q 2023).
Profit margin: 62% (down from 71% in 3Q 2023). The decrease in margin was primarily driven by higher expenses.
EPS: د.إ8.83 (down from د.إ11.23 in 3Q 2023).

earnings-and-revenue-growth — DFM:MASQ Earnings and Revenue Growth October 30th 2024

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 3.2% 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

It is worth noting though that we have found 2 warning signs for Mashreqbank PSC (1 is a bit concerning!) that you need to take into consideration.

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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.