- Aldar’s first-quarter profit reached 1.64 billion dirhams, marking a 25% increase compared to the previous year.
- The profit exceeded analyst estimates, which had projected earnings of 1.48 billion dirhams.
- Revenue for the quarter was reported at 7.79 billion dirhams, up 39% year-on-year.
- This revenue figure also surpassed expectations, with estimates at 6.8 billion dirhams.
- Earnings per share (EPS) increased to 0.202 dirhams, compared to 0.161 dirhams in the same quarter last year and above the estimated 0.19 dirhams.
- Analyst recommendations were unanimously positive with 10 buy ratings, and no hold or sell ratings.
A look at Aldar Properties PJSC Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 3 | |
| Dividend | 2 | |
| Growth | 4 | |
| Resilience | 3 | |
| Momentum | 5 | |
| 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
According to Smartkarma Smart Scores, Aldar Properties PJSC shows a promising long-term outlook. With high scores in Growth and Momentum, the company is positioned for potential future expansion and positive market performance. Aldar Properties PJSC, a prominent player in property development in the Middle East and North Africa region, has demonstrated resilience with a solid score in that category. While its Value and Dividend scores are solid but not as high as Growth and Momentum, the overall outlook for the company seems optimistic.
Aldar Properties PJSC, based in Abu Dhabi, United Arab Emirates, focuses on developing commercial and residential properties, hotels, schools, offices, marinas, and golf courses. Established in 2005, the company has built a strong presence in the real estate sector. With a balanced mix of Growth potential and Momentum in the market, Aldar Properties PJSC appears to be well-positioned for future growth and success.
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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