- Dubai’s DEWA reported a third-quarter profit of 3.61 billion dirhams, surpassing the estimated 3 billion dirhams.
- Revenue for the period was slightly below expectations, at 10.32 billion dirhams compared to an estimate of 10.49 billion dirhams.
- The company’s operating profit reached 4.60 billion dirhams, exceeding the forecast of 3.73 billion dirhams.
- Finance costs were noted at 383.3 million dirhams.
- Earnings per share (EPS) stood at 0.0720 dirhams.
- Analyst recommendations include 7 buy ratings and 5 hold ratings, with no sell ratings.
A look at Dubai Electricity & Water Auth Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 3 | |
| Dividend | 3 | |
| Growth | 3 | |
| Resilience | 3 | |
| Momentum | 3 | |
| 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
Based on the Smartkarma Smart Scores, Dubai Electricity & Water Authority (DEWA) shows a balanced outlook across all key factors. With a consistent score of 3 in Value, Dividend, Growth, Resilience, and Momentum, DEWA demonstrates stability and reliability in its operations. DEWA, a leading utility provider in the United Arab Emirates, manages power generation, water desalination stations, and distribution networks. This balanced scoring suggests a sustainable performance and a solid foundation for the long-term outlook of the company.
DEWA’s Smart Scores indicate a stable position in the market, reflecting its reliability in providing essential utility services to residential and commercial customers in the UAE. With a steady score across all factors, DEWA seems well-equipped to withstand market fluctuations and maintain its operational efficiency. The scores suggest that DEWA is positioned to continue its role as a key player in the utility sector, providing essential services to support the community’s needs for electricity and water in the long term.
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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