Kuehne + Nagel International Third Quarter 2024 Earnings: Revenues Beat Expectations, EPS Lags

Kuehne + Nagel International (VTX:KNIN) Third Quarter 2024 Results

Key Financial Results

• Revenue: CHF6.49b (up 19% from 3Q 2023).
• Net income: CHF324.0m (up 2.9% from 3Q 2023).
• Profit margin: 5.0% (down from 5.8% in 3Q 2023). The decrease in margin was driven by higher expenses.
• EPS: CHF2.74 (up from CHF2.65 in 3Q 2023).

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

Kuehne + Nagel International Revenues Beat Expectations, EPS Falls Short

Revenue exceeded analyst estimates by 10%. Earnings per share (EPS) missed analyst estimates by 5.9%.

Looking ahead, revenue is forecast to grow 3.4% p.a. on average during the next 3 years, compared to a 1.7% growth forecast for the Shipping industry in Europe.

Performance of the market in Switzerland.

The company's shares are down 3.0% from a week ago.

Risk Analysis

It's still necessary to consider the ever-present spectre of investment risk. We've identified 1 warning sign with Kuehne + Nagel International, and understanding this should be part of your investment process.

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