- Jarir’s first-quarter profit of 217.3 million riyals fell short of the estimated 236.5 million riyals, marking a 0.9% decrease compared to the previous year.
- Revenue increased by 2.7% year-over-year, reaching 2.72 billion riyals, although it was below the estimated 2.79 billion riyals.
- The company’s operating profit was 235.7 million riyals, experiencing a slight decline of 0.8% from the previous year.
- Earnings per share (EPS) remained the same as the previous year, at 0.18 riyals.
- Jarir observed strong sales in its smartphone and after-sale service sections.
- The decline in net profit was attributed to increased selling and marketing expenses.
- Analyst recommendations for Jarir include 10 “buy” ratings, 5 “hold” ratings, and 1 “sell” rating.
A look at Jarir Marketing Co Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 2 | |
| Dividend | 5 | |
| Growth | 3 | |
| Resilience | 3 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 3.4 |
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, Jarir Marketing Co has a promising long-term outlook. With a top score of 5 in Dividend, investors can expect strong returns from the company’s dividend payouts. This indicates a stable financial position and a commitment to rewarding shareholders.
Additionally, the company scored well in Resilience and Momentum, with scores of 3 and 4 respectively. This suggests that Jarir Marketing Co has the ability to weather economic uncertainties and maintain steady growth in the market. While the Value and Growth scores are not as high, the overall outlook for Jarir Marketing Co remains positive based on the Smart Scores provided.
### Jarir Marketing Company wholesales and retails stationery, school supplies, office machines, computer supplies, books, and art and engineering supplies. The Company owns and operates the Jarir Bookstore retail chain in Saudi Arabia, Qatar, and Abu Dhabi, and wholesale showrooms in Saudi Arabia. ###
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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