Commercial Bank (P.S.Q.C.) Third Quarter 2024 Earnings: Misses Expectations

Commercial Bank (P.S.Q.C.) (DSM:CBQK) Third Quarter 2024 Results

Key Financial Results

• Revenue: ر.ق1.08b (down 8.2% from 3Q 2023).
• Net income: ر.ق770.3m (flat on 3Q 2023).
• Profit margin: 72% (up from 66% in 3Q 2023). The increase in margin was driven by lower expenses.
• EPS: ر.ق0.19 (in line with 3Q 2023).

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

Commercial Bank (P.S.Q.C.) Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 17%. Earnings per share (EPS) also missed analyst estimates by 5.5%.

Looking ahead, revenue is forecast to grow 8.1% p.a. on average during the next 3 years, compared to a 1.3% growth forecast for the Banks industry in Qatar.

Performance of the Qatari Banks industry.

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

Risk Analysis

Before you take the next step you should know about the 1 warning sign for Commercial Bank (P.S.Q.C.) that we have uncovered.

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