- Saudi Telecom announced a first-quarter profit of 3.65 billion riyals, marking an 11% increase year-over-year and exceeding analyst estimates of 3.43 billion riyals.
- The company reported revenue of 19.21 billion riyals, which is a 1.6% increase from the previous year, although it was below the estimated 19.9 billion riyals.
- Earnings per share (EPS) rose to 0.73 riyals from 0.66 riyals in the year prior.
- Operating profit climbed 2% year-on-year to 3.58 billion riyals, although it fell short of the estimated 3.76 billion riyals.
- Dividend per share was declared at 0.55 riyals.
- The company’s Ebitda improved by 5.2% year-over-year, reaching 6.12 billion riyals.
- Revenues from the business unit surged by 9.7%, with commercial unit revenues also rising by 1.7% from the previous year.
- Operating expenses increased by 364 million riyals, primarily due to higher selling and marketing expenses.
- Analyst recommendations for Saudi Telecom include 6 ‘buy’ ratings, 10 ‘hold’ ratings, and 1 ‘sell’ rating.
A look at Saudi Telecom Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 4 | |
| Dividend | 4 | |
| Growth | 3 | |
| Resilience | 4 | |
| Momentum | 5 | |
| OVERALL SMART SCORE | 4.0 |
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
Analysts using Smartkarma Smart Scores have provided a positive long-term outlook for Saudi Telecom, with high scores in key factors such as Value and Dividend. The company received a strong score for Momentum, indicating positive market sentiment. Saudi Telecom, a telecommunications provider, offers a range of services including fixed-line, mobile, internet, and hosting. With solid scores for Resilience and Growth as well, Saudi Telecom shows promise for steady performance and potential growth in the telecommunications sector.
In summary, Saudi Telecom Company, a telecommunications service provider, has been rated favorably across several important metrics, reflecting a potential for long-term success. With a strong emphasis on value, dividends, and momentum, Saudi Telecom demonstrates resilience and growth potential in the competitive telecommunications market. Investors may take note of the positive outlook for Saudi Telecom based on the Smartkarma Smart Scores analysis.
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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