Masraf Al Rayan (Q.P.S.C.) Third Quarter 2024 Earnings: EPS Beats Expectations, Revenues Lag

Masraf Al Rayan (Q.P.S.C.) (DSM:MARK) Third Quarter 2024 Results

Key Financial Results

• Revenue: ر.ق2.37b (up 4.0% from 3Q 2023).
• Net income: ر.ق499.2m (up 5.5% from 3Q 2023).
• Profit margin: 21% (in line with 3Q 2023).
• EPS: ر.ق0.054 (up from ر.ق0.051 in 3Q 2023).

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

Masraf Al Rayan (Q.P.S.C.) EPS Beats Expectations, Revenues Fall Short

Revenue missed analyst estimates by 2.1%. Earnings per share (EPS) exceeded analyst estimates by 5.9%.

Looking ahead, revenue is expected to decline by 18% p.a. on average during the next 3 years, while revenues in the Banks industry in Qatar are expected to grow by 1.9%.

Performance of the Qatari Banks industry.

The company's shares are up 1.8% from a week ago.

Balance Sheet Analysis

While earnings are important, another area to consider is the balance sheet. See our latest analysis on Masraf Al Rayan (Q.P.S.C.)'s balance sheet health.

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