- Jarir reported a third-quarter profit of 308.2 million riyals, marking a 4% increase year-over-year, closely aligning with the estimate of 309 million riyals.
- The company achieved revenue of 2.67 billion riyals, a 1% rise year-over-year, though falling short of the 2.85 billion riyals estimate.
- Operating profit showed a 5% increase year-over-year, reaching 331.9 million riyals.
- Growth was driven by increased sales in the computers, tablets, and smartphones categories.
- There was a favorable shift in the sales mix towards more profitable sections like school and office supplies, improving profit margins in smartphones.
- Analyst recommendations include 11 buys, 5 holds, and 1 sell on Jarir stock.
A look at Jarir Marketing Co Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 2 | |
| Dividend | 5 | |
| Growth | 3 | |
| Resilience | 3 | |
| Momentum | 4 | |
| 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
Based on the Smartkarma Smart Scores, Jarir Marketing Co has a mixed long-term outlook. The company scores high in Dividend and Momentum, indicating strong performance in these areas. With a high Dividend score of 5, investors can expect attractive returns on their investment over time. Additionally, a Momentum score of 4 suggests that the company is showing positive upward trends that may continue in the future. However, Jarir Marketing Co scores lower in Value, Growth, and Resilience, with scores of 2, 3, and 3 respectively. This suggests that the company may face challenges in areas such as valuation, growth potential, and resilience to market fluctuations.
Despite some lower scores in certain factors, Jarir Marketing Co‘s strengths lie in its consistent dividend payouts and positive momentum in its performance. Investors should consider these factors along with the company’s core business of wholesaling and retailing stationery, school supplies, office machines, and books in Saudi Arabia, Qatar, and Abu Dhabi. With a diversified product range and established retail presence, Jarir Marketing Co has the potential to deliver steady returns over the long term, making it a company worth monitoring closely for potential investment opportunities.
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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