Saudi Company for Hardware SACO Third Quarter 2023 Earnings: EPS Beats Expectations, Revenues Lag

Saudi Company for Hardware SACO (TADAWUL:4008) Third Quarter 2023 Results

Key Financial Results

• Revenue: ر.س219.4m (down 14% from 3Q 2022).
• Net loss: ر.س12.2m (loss narrowed by 73% from 3Q 2022).
• ر.س0.34 loss per share (improved from ر.س1.27 loss in 3Q 2022).

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

Saudi Company for Hardware SACO EPS Beats Expectations, Revenues Fall Short

Revenue missed analyst estimates by 4.6%. Earnings per share (EPS) exceeded analyst estimates by 15%.

Looking ahead, revenue is forecast to grow 6.8% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Specialty Retail industry in Asia.

Performance of the market in Saudi Arabia.

The company's shares are up 10% from a week ago.

Balance Sheet Analysis

Just as investors must consider earnings, it is also important to take into account the strength of a company's balance sheet. See our latest analysis on Saudi Company for Hardware SACO's balance sheet health.

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