Stock Analysis
- Switzerland
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- Real Estate
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- SWX:PSPN
PSP Swiss Property Second Quarter 2024 Earnings: Misses Expectations
PSP Swiss Property (VTX:PSPN) Second Quarter 2024 Results
Key Financial Results
- Revenue: CHF88.2m (down 16% from 2Q 2023).
- Net income: CHF75.3m (up 279% from 2Q 2023).
- Profit margin: 85% (up from 19% in 2Q 2023). The increase in margin was driven by lower expenses.
- EPS: CHF1.64 (up from CHF0.43 in 2Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
PSP Swiss Property Revenues and Earnings Miss Expectations
Revenue missed analyst estimates by 1.1%. Earnings per share (EPS) also missed analyst estimates by 1.2%.
Looking ahead, revenue is forecast to grow 1.1% p.a. on average during the next 3 years, compared to a 6.0% decline forecast for the Real Estate industry in Switzerland.
Performance of the Swiss Real Estate industry.
The company's share price is broadly unchanged from a week ago.
Risk Analysis
We should say that we've discovered 2 warning signs for PSP Swiss Property that you should be aware of before investing here.
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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.
About SWX:PSPN
PSP Swiss Property
Owns and manages real estate properties in Switzerland.