Perfect Presentation for Commercial Services First Quarter 2024 Earnings: Misses Expectations

Perfect Presentation for Commercial Services (TADAWUL:7204) First Quarter 2024 Results

Key Financial Results

• Revenue: ر.س219.5m (down 2.5% from 1Q 2023).
• Net income: ر.س29.7m (up 13% from 1Q 2023).
• Profit margin: 14% (up from 12% in 1Q 2023). The increase in margin was driven by lower expenses.
• EPS: ر.س0.20 (up from ر.س0.17 in 1Q 2023).

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

Perfect Presentation for Commercial Services Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 29%. Earnings per share (EPS) also missed analyst estimates by 9.1%.

Looking ahead, revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 8.3% growth forecast for the IT industry in Asia.

Performance of the market in Saudi Arabia.

The company's shares are down 1.0% from a week ago.

Risk Analysis

You should always think about risks. Case in point, we've spotted 2 warning signs for Perfect Presentation for Commercial Services you should be aware of.

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