Gulf Warehousing Company Q.P.S.C Third Quarter 2024 Earnings: Revenues Beat Expectations, EPS Lags

Gulf Warehousing Company Q.P.S.C (DSM:GWCS) Third Quarter 2024 Results

Key Financial Results

• Revenue: ر.ق443.2m (up 27% from 3Q 2023).
• Net income: ر.ق46.7m (down 12% from 3Q 2023).
• Profit margin: 11% (down from 15% in 3Q 2023). The decrease in margin was driven by higher expenses.
• EPS: ر.ق0.08 (down from ر.ق0.091 in 3Q 2023).

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

Gulf Warehousing Company Q.P.S.C Revenues Beat Expectations, EPS Falls Short

Revenue exceeded analyst estimates by 18%. Earnings per share (EPS) missed analyst estimates by 1.2%.

Looking ahead, revenue is forecast to grow 7.6% p.a. on average during the next 3 years, compared to a 8.6% growth forecast for the Logistics industry in Asia.

Performance of the market in Qatar.

The company's shares are down 6.1% from a week ago.

Risk Analysis

You should always think about risks. Case in point, we've spotted 2 warning signs for Gulf Warehousing Company Q.P.S.C you should be aware of, and 1 of them is a bit concerning.

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