Jarir Marketing Third Quarter 2024 Earnings: Misses Expectations

Jarir Marketing (TADAWUL:4190) Third Quarter 2024 Results

Key Financial Results

• Revenue: ر.س2.69b (up 1.7% from 3Q 2023).
• Net income: ر.س308.2m (up 4.0% from 3Q 2023).
• Profit margin: 12% (in line with 3Q 2023).
• EPS: ر.س0.26 (up from ر.س0.25 in 3Q 2023).

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

Jarir Marketing Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 5.4%. Earnings per share (EPS) also missed analyst estimates by 3.8%.

Looking ahead, revenue is forecast to grow 4.8% p.a. on average during the next 3 years, compared to a 7.9% 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

Before we wrap up, we've discovered 1 warning sign for Jarir Marketing that you should be aware of.

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