Emirates Telecommunications Group Company PJSC Second Quarter 2024 Earnings: EPS Beats Expectations, Revenues Lag

Emirates Telecommunications Group Company PJSC (ADX:EAND) Second Quarter 2024 Results

Key Financial Results

• Revenue: د.إ14.1b (up 3.5% from 2Q 2023).
• Net income: د.إ3.17b (up 26% from 2Q 2023).
• Profit margin: 23% (up from 19% in 2Q 2023). The increase in margin was primarily driven by higher revenue.
• EPS: د.إ0.36 (up from د.إ0.29 in 2Q 2023).

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

Emirates Telecommunications Group Company PJSC EPS Beats Expectations, Revenues Fall Short

Revenue missed analyst estimates by 1.8%. Earnings per share (EPS) exceeded analyst estimates by 22%.

Looking ahead, revenue is forecast to grow 4.4% p.a. on average during the next 3 years, compared to a 4.0% growth forecast for the Telecom industry in Asia.

Performance of the market in United Arab Emirates.

The company's shares are down 2.8% from a week ago.

Risk Analysis

You should learn about the 2 warning signs we've spotted with Emirates Telecommunications Group Company PJSC.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.

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.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com