Arabian Cement Third Quarter 2024 Earnings: EPS Beats Expectations, Revenues Lag

Arabian Cement (TADAWUL:3010) Third Quarter 2024 Results

Key Financial Results

• Revenue: ر.س224.9m (up 5.3% from 3Q 2023).
• Net income: ر.س45.8m (up 54% from 3Q 2023).
• Profit margin: 20% (up from 14% in 3Q 2023). The increase in margin was primarily driven by higher revenue.
• EPS: ر.س0.46 (up from ر.س0.30 in 3Q 2023).

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

Arabian Cement EPS Beats Expectations, Revenues Fall Short

Revenue missed analyst estimates by 2.0%. Earnings per share (EPS) exceeded analyst estimates by 53%.

Looking ahead, revenue is forecast to grow 8.5% p.a. on average during the next 3 years, compared to a 6.9% growth forecast for the Basic Materials industry in Saudi Arabia.

Performance of the Saudi Basic Materials industry.

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

Valuation

It's possible that Arabian Cement 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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