Al Hammadi Holding Third Quarter 2024 Earnings: Beats Expectations

Simply Wall St

November 05, 2024

Al Hammadi Holding (TADAWUL:4007) Third Quarter 2024 Results

Key Financial Results

Revenue: ر.س290.6m (down 2.4% from 3Q 2023).
Net income: ر.س79.1m (up 5.7% from 3Q 2023).
Profit margin: 27% (up from 25% in 3Q 2023). The increase in margin was driven by lower expenses.
EPS: ر.س0.49 (up from ر.س0.47 in 3Q 2023).

earnings-and-revenue-growth — SASE:4007 Earnings and Revenue Growth November 5th 2024

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

Al Hammadi Holding Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 2.5%. Earnings per share (EPS) also surpassed analyst estimates by 22%.

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

Performance of the Saudi Healthcare industry.

The company's shares are down 1.7% from a week ago.

Valuation

It's possible that Al Hammadi Holding could be undervalued with our 6-factor valuation analysis indicating a potential opportunity. 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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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.