Qatar Islamic Bank (Q.P.S.C.) Third Quarter 2022 Earnings: EPS Beats Expectations, Revenues Lag

Qatar Islamic Bank (Q.P.S.C.) (DSM:QIBK) Third Quarter 2022 Results

Key Financial Results

• Revenue: ر.ق2.01b (up 16% from 3Q 2021).
• Net income: ر.ق1.03b (up 11% from 3Q 2021).
• Profit margin: 52% (down from 54% in 3Q 2021).
  • The decrease in margin was driven by higher expenses.
• EPS: ر.ق0.44 (up from ر.ق0.39 in 3Q 2021).

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

Qatar Islamic Bank (Q.P.S.C.) EPS Beats Expectations, Revenues Fall Short

Revenue missed analyst estimates by 1.1%. Earnings per share (EPS) exceeded analyst estimates by 5.3%.

Looking ahead, revenue is forecast to grow 7.5% p.a. on average during the next 3 years, compared to a 8.1% growth forecast for the Banks industry in Qatar.

Performance of the Qatari Banks industry.

The company's shares are down 3.9% from a week ago.

Balance Sheet Analysis

While it's very important to consider the profit and loss statement, you can also learn a lot about a company by looking at its balance sheet. See our latest analysis on Qatar Islamic Bank (Q.P.S.C.)'s balance sheet health.

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