Earnings Alerts

Aldar Properties PJSC (ALDAR) Earnings: 2Q Profit Surges 29%, Exceeding Estimates

  • 2nd Quarter Profit: 1.55 billion dirhams, a 29% increase year-over-year
  • Profit exceeded estimates which were 1.21 billion dirhams
  • Revenue: 5.30 billion dirhams, a 64% increase year-over-year
  • Revenue nearly met the estimate of 5.31 billion dirhams
  • Earnings Per Share (EPS): 0.197 dirhams, up from 0.152 dirhams year-over-year
  • EPS exceeded the estimate of 0.14 dirhams
  • Strong demand cited for new project launches and existing inventory
  • Analyst ratings: 7 buy, 1 hold, 1 sell

A look at Aldar Properties PJSC Smart Scores

FactorScoreMagnitude
Value3
Dividend2
Growth4
Resilience3
Momentum5
OVERALL SMART SCORE3.4

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, Aldar Properties PJSC shows a promising long-term outlook. With a high Growth score of 4 and Momentum score of 5, the company appears to be on a path of steady expansion and strong market performance. These scores indicate that Aldar Properties is likely experiencing growth in its business operations and stock value.

While the Value and Resilience scores are moderate at 3, indicating fair value and resilience in the face of challenges, the Dividend score of 2 suggests that the company may need to focus on enhancing its dividend payouts to attract income-focused investors. Overall, Aldar Properties PJSC seems well-positioned for growth and market success in the coming years.


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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