Yahoo Finance Ashtead Group Third Quarter 2024 Earnings: EPS Misses Expectations
Ashtead Group (LON:AHT) Third Quarter 2024 Results
Key Financial Results
Revenue: US$2.66b (up 9.5% from 3Q 2023).
Net income: US$332.3m (down 13% from 3Q 2023).
Profit margin: 13% (down from 16% in 3Q 2023). The decrease in margin was driven by higher expenses.
EPS: US$0.76 (down from US$0.87 in 3Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Ashtead Group EPS Misses Expectations
Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 7.0%.
Looking ahead, revenue is forecast to grow 8.1% p.a. on average during the next 3 years, compared to a 2.6% growth forecast for the Trade Distributors industry in the United Kingdom.
Performance of the British Trade Distributors industry.
The company's shares are down 5.8% from a week ago.
Risk Analysis
Before you take the next step you should know about the 1 warning sign for Ashtead Group that we have uncovered.
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