- Al Rajhi Bank has reported a first-quarter profit that meets estimates.
- The profit for the bank came in at 4.41 billion riyals, which is in line with the estimated 4.4 billion riyals.
- Pretax profit for the bank is reported at 4.91 billion riyals, just below the estimated 4.92 billion riyals.
- Analysts’ consensus on the bank’s shares currently stands at 3 buys, 12 holds, and 3 sells.
A look at Al Rajhi Bank Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 3 | |
| Dividend | 4 | |
| Growth | 4 | |
| Resilience | 2 | |
| Momentum | 2 | |
| OVERALL SMART SCORE | 3.0 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Al Rajhi Bank, a leading provider of banking services in Saudi Arabia, showcases a mixed outlook based on the Smartkarma Smart Scores. While the company receives strong ratings in Dividend and Growth at 4 each, indicating a positive stance towards rewarding shareholders and potential growth opportunities, its Value score stands at a moderate 3. On the other hand, Al Rajhi Bank shows lower scores in terms of Momentum and Resilience, both graded at 2, suggesting challenges in maintaining momentum and resilience during market fluctuations.
Looking ahead, Al Rajhi Bank‘s long-term performance may be influenced by its ability to capitalize on growth prospects and sustain its dividend payments. However, the company might face hurdles in terms of market momentum and resilience to external shocks, highlighting the need for strategic planning to navigate through potential uncertainties and maintain a competitive edge in the banking sector.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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