Stock Analysis

Arabian Contracting Services First Quarter 2024 Earnings: Beats Expectations

Simply Wall St

May 23, 2024

Arabian Contracting Services (TADAWUL:4071) First Quarter 2024 Results

Key Financial Results

Revenue: ر.س439.1m (up 41% from 1Q 2023).
Net income: ر.س100.8m (up 9.8% from 1Q 2023).
Profit margin: 23% (down from 29% in 1Q 2023). The decrease in margin was driven by higher expenses.
EPS: ر.س2.02 (up from ر.س1.84 in 1Q 2023).

earnings-and-revenue-growth — SASE:4071 Earnings and Revenue Growth May 23rd 2024

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

Arabian Contracting Services Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 2.9%. Earnings per share (EPS) also surpassed analyst estimates by 12%.

Looking ahead, revenue is forecast to grow 21% p.a. on average during the next 3 years, compared to a 8.7% growth forecast for the Media industry in Asia.

Performance of the market in Saudi Arabia.

The company's shares are up 2.0% from a week ago.

Risk Analysis

Before we wrap up, we've discovered 2 warning signs for Arabian Contracting Services that you should be aware of.

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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.