CATRION Catering Holding First Quarter 2024 Earnings: Misses Expectations

CATRION Catering Holding (TADAWUL:6004) First Quarter 2024 Results

Key Financial Results

• Revenue: ر.س552.8m (up 6.0% from 1Q 2023).
• Net income: ر.س71.2m (up 25% from 1Q 2023).
• Profit margin: 13% (up from 11% in 1Q 2023). The increase in margin was driven by higher revenue.
• EPS: ر.س0.87 (up from ر.س0.70 in 1Q 2023).

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

CATRION Catering Holding Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 6.1%. Earnings per share (EPS) also missed analyst estimates by 4.4%.

Looking ahead, revenue is forecast to grow 19% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Commercial Services industry in Asia.

Performance of the market in Saudi Arabia.

The company's shares are down 3.1% from a week ago.

Valuation

If you are concerned about investing in overvalued stocks, our analysis of 6 valuation measures indicates CATRION Catering Holding could be one stock to be wary of. Click here to find out what a fair price for the stock might be and where analysts see the share price heading over the next year.

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