Leejam Sports Third Quarter 2024 Earnings: Beats Expectations

Leejam Sports (TADAWUL:1830) Third Quarter 2024 Results

Key Financial Results

• Revenue: ر.س405.7m (up 17% from 3Q 2023).
• Net income: ر.س186.8m (up 103% from 3Q 2023).
• Profit margin: 46% (up from 27% in 3Q 2023). The increase in margin was primarily driven by higher revenue.
• EPS: ر.س3.57 (up from ر.س1.76 in 3Q 2023).

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

Leejam Sports Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 4.5%. Earnings per share (EPS) also surpassed analyst estimates by 66%.

Looking ahead, revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Hospitality industry in Saudi Arabia.

Performance of the Saudi Hospitality industry.

The company's shares are up 1.6% from a week ago.

Risk Analysis

Be aware that Leejam Sports is showing 1 warning sign in our investment analysis that you should know about...

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.