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Saudi healthcare firms beat Q3 profit estimates by 5%
31/10/2017
Argaam Exclusive
The aggregate net profit of Tadawul-listed healthcare firms – which reached SAR 264.2 million for Q3 2017 – topped average analysts’ forecasts of SAR 250.8 million by 5.3 percent, according to data compiled by Argaam.
National Medical Care Co. (Care) topped average estimates by 28 percent. It was followed by Dallah Healthcare Holding Co. which saw its net profit beat expectations by 21 percent, while Mouwasat Medical Services Co’s net earnings exceeded forecasts by 10 percent.
Al Hammadi Company for Development and Investment reported the biggest profit miss of 15 percent. Also, the results of the Saudi German Hospital (SGH) came in 13 percent lower than street estimates.
Company Estimates Comparisons
| Company | 2017 - Q3 (a) | 2017 - Q3 (e) | Change |
| MOUWASAT | 76.73 | 69.73 | 10.0 % |
| ALHAMMADI | 23.59 | 27.56 | (14.4 %) |
| CARE | 27.00 | 21.14 | 27.7 % |
| DALLAH HEALTH | 76.82 | 63.51 | 21.0 % |
| SAUDI GERMAN HEALTH | 64.88 | 68.90 | (5.8 %) |
| Total | 269.01 | 250.84 | 7.2 % |
Data included estimates from Al Rajhi Capital, Osool & Bakheet Investment Group, and Albilad Capital.
Actual Profit versus Estimates
| Company | 2017 - Q3 (a) | 2017 - Q3 (e) | Most Accurate Research Company |
| MOUWASAT | 76.73 | 74.00 | Arbah Capital |
| ALHAMMADI | 23.59 | 26.10 | OSOOL AND BAKHEET |
| CARE | 27.00 | 23.60 | OSOOL AND BAKHEET |
| DALLAH HEALTH | 76.82 | 68.00 | Albilad Capital |
| SAUDI GERMAN HEALTH | 64.88 | 66.31 | Alistithmar Capital |
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MarketIndices
| TASI | 11,849.37 | (43.07) | (0.36 %) |
Company Indices
| DALLAH HEALTH | 152.60 | (0.80) | (0.52%) |
| MOUWASAT | 84.70 | (3.30) | (3.77%) |
| CARE | 167.00 | 2.40 | 1.45% |
| ALHAMMADI | 38.75 | (0.60) | (1.54%) |
| SAUDI GERMAN HEALTH | 70.40 | (0.50) | (0.71%) |
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