Banimmo Full Year 2024 Earnings: Misses Expectations

Banimmo (EBR:BANI) Full Year 2024 Results

Key Financial Results

• Revenue: €7.52m (up 20% from FY 2023).
• Net income: €2.34m (up from €6.82m loss in FY 2023).
• Profit margin: 31% (up from net loss in FY 2023).
• EPS: €0.21 (up from €0.61 loss in FY 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Banimmo Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 59%. Earnings per share (EPS) also missed analyst estimates by 58%.

Looking ahead, revenue is forecast to grow 9.2% p.a. on average during the next 3 years, compared to a 21% decline forecast for the Real Estate industry in Belgium.

Performance of the Belgian Real Estate industry.

The company's share price is broadly unchanged from a week ago.

Risk Analysis

Don't forget that there may still be risks. For instance, we've identified 4 warning signs for Banimmo (2 don't sit too well with us) you should be aware of.

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This article by Simply Wall St is general in nature. We provide commentary 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. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.