Banco de Chile Third Quarter 2024 Earnings: EPS Misses Expectations

Banco de Chile (SNSE:CHILE) Third Quarter 2024 Results

Key Financial Results

• Revenue: CL$640.5b (up 3.1% from 3Q 2023).
• Net income: CL$288.1b (up 11% from 3Q 2023).
• Profit margin: 45% (up from 42% in 3Q 2023). The increase in margin was primarily driven by higher revenue.
• EPS: CL$2.85 (up from CL$2.57 in 3Q 2023).

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

Banco de Chile EPS Misses Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 5.2%.

Looking ahead, revenue is forecast to grow 5.6% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Banks industry in South America.

Performance of the market in Chile.

The company's shares are down 1.2% from a week ago.

Risk Analysis

Before we wrap up, we've discovered 2 warning signs for Banco de Chile (1 is significant!) that you should be aware of.

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