Fawaz Abdulaziz Al Hokair Third Quarter 2023 Earnings: Misses Expectations

Fawaz Abdulaziz Al Hokair (TADAWUL:4240) Third Quarter 2023 Results

Key Financial Results

• Revenue: ر.س1.19b (down 14% from 3Q 2022).
• Net loss: ر.س204.1m (down from ر.س19.8m profit in 3Q 2022).
• ر.س1.80 loss per share (down from ر.س0.17 profit in 3Q 2022).

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

Fawaz Abdulaziz Al Hokair Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 9.5%. Earnings per share (EPS) was also behind analyst expectations.

Looking ahead, revenue is forecast to grow 1.5% p.a. on average during the next 5 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 down 6.3% from a week ago.

Risk Analysis

Don't forget that there may still be risks. For instance, we've identified 4 warning signs for Fawaz Abdulaziz Al Hokair (1 doesn't sit too well with us) you should be aware of.

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