- Saudi Telecom’s second-quarter profit was 3.30 billion riyals, surpassing estimates.
- Profit increased by 9.8% compared to the previous year.
- Analysts had estimated a profit of 3.17 billion riyals.
- Revenue for the quarter was 19.16 billion riyals.
- Revenue slightly missed the estimated 19.3 billion riyals.
- Operating profit reached 3.89 billion riyals, exceeding the estimate of 3.38 billion riyals.
- The company received 12 buy ratings, 7 hold ratings, and no sell ratings from analysts.
A look at Saudi Telecom Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 4 | |
| Dividend | 4 | |
| Growth | 3 | |
| Resilience | 4 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 3.8 |
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
Saudi Telecom Company, a telecommunications provider, appears to have a positive long-term outlook based on various Smartkarma Smart Scores. With high scores across multiple factors including Value, Dividend, Resilience, and Momentum, Saudi Telecom is positioned well to thrive in the coming years. The company’s strong Value and Dividend scores indicate its attractiveness for investors seeking stable returns. Additionally, its Resilience score reflects the company’s ability to withstand economic downturns or market fluctuations. With a Momentum score of 4, Saudi Telecom shows promising growth potential in the telecommunications sector.
Overall, Saudi Telecom Company, with its well-rounded Smart Scores, presents a compelling investment opportunity for those looking for a mix of value, income, and growth in the telecommunications industry. As a provider of a range of telecommunications services including fixed-line, internet, mobile, and more, the company is well-positioned to capitalize on the continued demand for connectivity and communication services in Saudi Arabia and beyond.
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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