- Net income for Emaar Properties in Q2 was 2.42 billion dirhams, a 39% increase year-over-year.
- This net income figure was below the estimated 2.95 billion dirhams.
- Revenue for the same period stood at 7.68 billion dirhams, which is a 29% increase year-over-year.
- The revenue exceeded the estimate, which was 7.17 billion dirhams.
- Earnings per share (EPS) were 0.27 dirhams, compared to 0.2 dirhams year-over-year.
- Analysts’ ratings for Emaar Properties: 13 buys, 0 holds, and 0 sells.
A look at Emaar Economic City Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 4 | |
| Dividend | 1 | |
| 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
Analysts at Smartkarma have given Emaar Economic City an overall positive outlook based on their Smart Scores. With strong ratings in Value, Growth, and Momentum, the company is positioned well for long-term success. Emaar Economic City, a real estate consortium known for its development of properties for various uses including infrastructure facilities, has received high marks in Value and Growth, indicating solid investment potential. Additionally, its Momentum score suggests positive market performance ahead.
Despite a lower score in Dividend and Resilience, Emaar Economic City‘s strengths in Value, Growth, and Momentum bode well for its future prospects. Investors may find the company attractive for its promising outlook in the real estate sector. Emaar Economic City‘s focus on property development and sales aligns with its strong performance metrics, making it a company to watch 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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