- Qatar Islamic Bank reported a full-year net income of 4.61 billion riyals.
- This net income exceeded market estimates, which were projected at 4.47 billion riyals.
- The earnings per share (EPS) stood at 1.86 riyals, outperforming the estimated 1.81 riyals.
- Analyst recommendations for the bank include 2 buy ratings and 6 hold ratings, with no sell ratings reported.
A look at Qatar Islamic Bank SAQ Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 2 | |
| Dividend | 3 | |
| Growth | 4 | |
| Resilience | 2 | |
| Momentum | 4 | |
| 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
Analyzing the Smartkarma Smart Scores for Qatar Islamic Bank SAQ, the long-term outlook appears promising. With a Growth score of 4 and Momentum at 4, the bank seems positioned for expansion and sustainable performance. This indicates potential for significant development and positive market momentum. Additionally, the Dividend score of 3 suggests a moderate but stable dividend payout, which can attract income-seeking investors.
However, the Value score of 2 and Resilience score of 2 indicate some areas for improvement. The bank may need to focus on enhancing its value proposition and resilience to market fluctuations for long-term sustainability. Overall, Qatar Islamic Bank SAQ, operating on Sharia principles, is well-positioned for growth and stability in the Islamic banking sector with a diversified range of services including financing, asset leasing, and investments in local businesses.
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.
Have feedback on this article? Concerned about the content? Get in touch with us directly.
💡 Before it’s here, it’s on Smartkarma
Sign Up for Free
The Smartkarma Preview Pass is your entry to the Independent Investment Research Network
- ✓ Unlimited Research Summaries
- ✓ Personalised Alerts
- ✓ Custom Watchlists
- ✓ Company Analytics and News
- ✓ Events & Webinars
