- Emaar Development’s third-quarter profit reached 2.07 billion dirhams, marking a 9.9% increase compared to the same period last year.
- The profit significantly exceeded analysts’ expectations of 1.29 billion dirhams.
- Revenue for the quarter was 5.14 billion dirhams, representing a substantial 76% year-over-year increase.
- This revenue figure surpassed the estimated 3.93 billion dirhams.
- Earnings per share (EPS) were reported at 0.52 dirhams, up from 0.47 dirhams last year, and higher than the forecasted 0.34 dirhams.
- The company maintains strong market confidence with 12 buy ratings, and no hold or sell recommendations.
A look at Emaar Development PJSC Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 3 | |
| Dividend | 3 | |
| Growth | 5 | |
| Resilience | 5 | |
| Momentum | 5 | |
| OVERALL SMART SCORE | 4.2 |
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
Looking at the Smartkarma Smart Scores for Emaar Development PJSC, the company seems to have a promising long-term outlook. With a strong growth score of 5, Emaar Development is positioned well for expansion and increasing its market presence. Additionally, the company also scores high in resilience and momentum, both rated at 5, indicating its ability to withstand challenges and maintain a positive trajectory.
While the value and dividend scores are at 3, suggesting room for improvement in these areas, the overall outlook for Emaar Development PJSC appears optimistic. As a real estate development company operating in the United Arab Emirates, Emaar Development focuses on a range of property types from residential to commercial, catering to a diverse customer base. Investors might see potential in the company’s growth prospects and its ability to navigate market dynamics effectively.
Summary of the company: Emaar Development PJSC operates as a real estate development company, engaging in the development, buying, selling, leasing, and management of various real estate assets such as residential, commercial, and retail properties. Serving customers primarily in the United Arab Emirates, Emaar Development is positioned for growth and resilience in the real estate industry based on its Smart Scores.
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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