- Saudi Arabia
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- Wireless Telecom
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- SASE:7020
Etihad Etisalat First Quarter 2024 Earnings: Beats Expectations
Etihad Etisalat (TADAWUL:7020) First Quarter 2024 Results
Key Financial Results
- Revenue: ر.س4.55b (up 12% from 1Q 2023).
- Net income: ر.س637.8m (up 37% from 1Q 2023).
- Profit margin: 14% (up from 11% in 1Q 2023). The increase in margin was driven by higher revenue.
- EPS: ر.س0.83 (up from ر.س0.60 in 1Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Etihad Etisalat Revenues and Earnings Beat Expectations
Revenue exceeded analyst estimates by 5.8%. Earnings per share (EPS) also surpassed analyst estimates by 14%.
Looking ahead, revenue is forecast to grow 3.8% p.a. on average during the next 3 years, compared to a 5.1% growth forecast for the Wireless Telecom industry in Asia.
Performance of the market in Saudi Arabia.
The company's shares are down 1.1% from a week ago.
Risk Analysis
You still need to take note of risks, for example - Etihad Etisalat has 1 warning sign we think you should be aware of.
Valuation is complex, but we're here to simplify it.
Discover if Etihad Etisalat might be undervalued or overvalued with our detailed analysis, featuring fair value estimates, potential risks, dividends, insider trades, and its financial condition.
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About SASE:7020
Etihad Etisalat
Through its subsidiaries, establishes and operates mobile wireless telecommunication and fiber optic networks in the Kingdom of Saudi Arabia.
Undervalued with excellent balance sheet.