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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