Stock Analysis
- Saudi Arabia
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- Transportation
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- SASE:4261
Theeb Rent A Car First Quarter 2024 Earnings: Beats Expectations
Theeb Rent A Car (TADAWUL:4261) First Quarter 2024 Results
Key Financial Results
- Revenue: ر.س306.6m (up 17% from 1Q 2023).
- Net income: ر.س40.5m (down 4.3% from 1Q 2023).
- Profit margin: 13% (down from 16% in 1Q 2023). The decrease in margin was driven by higher expenses.
- EPS: ر.س0.94 (down from ر.س0.98 in 1Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Theeb Rent A Car Revenues and Earnings Beat Expectations
Revenue exceeded analyst estimates by 3.1%. Earnings per share (EPS) also surpassed analyst estimates by 17%.
Looking ahead, revenue is forecast to grow 7.3% p.a. on average during the next 3 years, compared to a 4.5% growth forecast for the Transportation industry in Asia.
Performance of the market in Saudi Arabia.
The company's shares are up 3.9% from a week ago.
Risk Analysis
Before we wrap up, we've discovered 3 warning signs for Theeb Rent A Car (1 is a bit concerning!) that you should be aware of.
Valuation is complex, but we're here to simplify it.
Discover if Theeb Rent A Car 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:4261
Theeb Rent A Car
Provides car rental and leasing services in the Kingdom of Saudi Arabia.