United International Transportation Third Quarter 2024 Earnings: Misses Expectations

United International Transportation (TADAWUL:4260) Third Quarter 2024 Results

Key Financial Results

• Revenue: ر.س505.8m (up 37% from 3Q 2023).
• Net income: ر.س71.7m (flat on 3Q 2023).
• Profit margin: 14% (down from 19% in 3Q 2023). The decrease in margin was driven by higher expenses.
• EPS: ر.س0.97.

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

United International Transportation Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 9.6%. Earnings per share (EPS) also missed analyst estimates by 22%.

Looking ahead, revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 4.4% growth forecast for the Transportation industry in Asia.

Performance of the market in Saudi Arabia.

The company's shares are down 9.3% from a week ago.

Risk Analysis

Don't forget that there may still be risks. For instance, we've identified 3 warning signs for United International Transportation (1 is a bit concerning) you should be aware of.

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