Stock Analysis
- Saudi Arabia
- /
- Specialty Stores
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- SASE:4008
Saudi Company for Hardware SACO First Quarter 2024 Earnings: Beats Expectations
Saudi Company for Hardware SACO (TADAWUL:4008) First Quarter 2024 Results
Key Financial Results
- Revenue: ر.س232.6m (down 3.2% from 1Q 2023).
- Net loss: ر.س4.55m (loss narrowed by 73% from 1Q 2023).
- ر.س0.13 loss per share (improved from ر.س0.46 loss in 1Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Saudi Company for Hardware SACO Revenues and Earnings Beat Expectations
Revenue exceeded analyst estimates by 4.3%. Earnings per share (EPS) also surpassed analyst estimates by 72%.
Looking ahead, revenue is forecast to grow 7.7% p.a. on average during the next 3 years, compared to a 9.6% growth forecast for the Specialty Retail industry in Asia.
Performance of the market in Saudi Arabia.
The company's shares are up 7.7% from a week ago.
Balance Sheet Analysis
While earnings are important, another area to consider is the balance sheet. We have a graphic representation of Saudi Company for Hardware SACO's balance sheet and an in-depth analysis of the company's financial position.
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Find out whether Saudi Company for Hardware SACO is potentially over or undervalued by checking out our comprehensive analysis, which includes fair value estimates, risks and warnings, dividends, insider transactions and financial health.
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About SASE:4008
Saudi Company for Hardware SACO
Engages in the retailing and wholesaling of household and office supplies and appliances, construction tools and equipment, and electrical tools and hardware in the Kingdom of Saudi Arabia.
Reasonable growth potential with adequate balance sheet.