Stock Analysis

ADES Holding Third Quarter 2024 Earnings: EPS: ر.س0.18 (vs ر.س0.098 in 3Q 2023)

SASE:2382
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ADES Holding (TADAWUL:2382) Third Quarter 2024 Results

Key Financial Results

  • Revenue: ر.س1.57b (up 46% from 3Q 2023).
  • Net income: ر.س199.6m (up 138% from 3Q 2023).
  • Profit margin: 13% (up from 7.8% in 3Q 2023). The increase in margin was driven by higher revenue.
  • EPS: ر.س0.18 (up from ر.س0.098 in 3Q 2023).
earnings-and-revenue-growth
SASE:2382 Earnings and Revenue Growth November 8th 2024

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

ADES Holding Earnings Insights

Looking ahead, revenue is forecast to grow 7.8% p.a. on average during the next 3 years, compared to a 7.8% growth forecast for the Energy Services industry in Asia.

Performance of the market in Saudi Arabia.

The company's share price is broadly unchanged from a week ago.

Risk Analysis

We should say that we've discovered 2 warning signs for ADES Holding (1 is a bit unpleasant!) that you should be aware of before investing here.

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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.