- Saudi Arabia
- /
- Specialty Stores
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- SASE:4003
United Electronics Third Quarter 2024 Earnings: EPS Beats Expectations
United Electronics (TADAWUL:4003) Third Quarter 2024 Results
Key Financial Results
- Revenue: ر.س1.60b (up 10% from 3Q 2023).
- Net income: ر.س156.3m (up 32% from 3Q 2023).
- Profit margin: 9.7% (up from 8.1% in 3Q 2023). The increase in margin was driven by higher revenue.
- EPS: ر.س1.95 (up from ر.س1.55 in 3Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
United Electronics EPS Beats Expectations
Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 28%.
Looking ahead, revenue is forecast to grow 7.4% p.a. on average during the next 3 years, compared to a 8.0% growth forecast for the Specialty Retail industry in Saudi Arabia.
Performance of the Saudi Specialty Retail industry.
The company's share price is broadly unchanged from a week ago.
Risk Analysis
You still need to take note of risks, for example - United Electronics has 2 warning signs (and 1 which is concerning) we think you should know about.
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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.
About SASE:4003
United Electronics
Engages in the wholesale and retail operations in the Kingdom of Saudi Arabia and internationally.
Very undervalued with solid track record.