Yahoo Finance Befesa First Quarter 2024 Earnings: Misses Expectations
Befesa (ETR:BFSA) First Quarter 2024 Results
Key Financial Results
Revenue: €298.3m (down 7.3% from 1Q 2023).
Net income: €9.45m (down 38% from 1Q 2023).
Profit margin: 3.2% (down from 4.7% in 1Q 2023).
EPS: €0.24 (down from €0.38 in 1Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Befesa Revenues and Earnings Miss Expectations
Revenue missed analyst estimates by 3.7%. Earnings per share (EPS) also missed analyst estimates by 38%.
Looking ahead, revenue is forecast to grow 6.9% p.a. on average during the next 3 years, compared to a 5.3% growth forecast for the Commercial Services industry in Germany.
Performance of the German Commercial Services industry.
The company's shares are down 20% from a week ago.
Risk Analysis
It is worth noting though that we have found 4 warning signs for Befesa (1 doesn't sit too well with us!) that you need to take into consideration.
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