SABIC Agri-Nutrients Second Quarter 2024 Earnings: Revenues Beat Expectations, EPS Lags

Simply Wall St

SABIC Agri-Nutrients (TADAWUL:2020) Second Quarter 2024 Results

Key Financial Results

  • Revenue: ر.س2.68b (up 1.8% from 2Q 2023).
  • Net income: ر.س705.3m (up 8.3% from 2Q 2023).
  • Profit margin: 26% (up from 25% in 2Q 2023).
  • EPS: ر.س1.48 (up from ر.س1.37 in 2Q 2023).
SASE:2020 Earnings and Revenue Growth August 2nd 2024

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

SABIC Agri-Nutrients Revenues Beat Expectations, EPS Falls Short

Revenue exceeded analyst estimates by 8.8%. Earnings per share (EPS) missed analyst estimates by 18%.

Looking ahead, revenue is forecast to grow 1.1% p.a. on average during the next 3 years, compared to a 5.6% growth forecast for the Chemicals industry in Saudi Arabia.

Performance of the Saudi Chemicals industry.

The company's shares are up 3.0% from a week ago.

Risk Analysis

You should always think about risks. Case in point, we've spotted 1 warning sign for SABIC Agri-Nutrients you should be aware of.

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