- Emaar Properties reported a net income of 3.18 billion dirhams for the 3rd quarter.
- The net income showed a -3.3% year-over-year decrease.
- Market estimates for net income were 2.38 billion dirhams, which Emaar exceeded.
- Total revenue reached 9.39 billion dirhams, marking a 54% increase from the previous year.
- The projected revenue was 7.02 billion dirhams, which Emaar surpassed.
- Earnings per share (EPS) stood at 0.36 dirhams, slightly down from 0.37 dirhams last year.
- Analysts estimated the EPS to be 0.28 dirhams, which Emaar surpassed.
- The company received 13 buy ratings, with no holds or sell recommendations from analysts.
A look at Emaar Economic City Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 4 | |
| Dividend | 1 | |
| Growth | 3 | |
| Resilience | 2 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 2.8 |
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
Analyzing Emaar Economic City‘s Smartkarma Smart Scores, the company demonstrates a promising long-term outlook. With strong scores in Value and Momentum, Emaar Economic City is positioned well for potential growth and performance in the real estate sector. The Value score of 4 reflects the company’s favorable valuation metrics, indicating that it may be undervalued compared to its peers. In addition, the Momentum score of 4 suggests positive market momentum, highlighting investor interest and potential for further price appreciation.
Despite lower scores in Dividend, Growth, and Resilience, Emaar Economic City‘s overall outlook remains positive. The company’s focus on developing properties for various uses and its ability to market and sell properties are key strengths. While the lower scores in Dividend, Growth, and Resilience indicate areas for improvement, Emaar Economic City‘s strong Value and Momentum scores bode well for its future prospects in the real estate market.
Summary: Emaar Economic City is a real estate consortium that specializes in developing properties for multiple uses, infrastructure facilities, and marketing and selling plots. With a solid overall Smartkarma Smart Scores profile, particularly in Value and Momentum, the company shows promise for long-term growth and performance in the real estate industry.
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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