Stock Analysis

Bayerische Motoren Werke Third Quarter 2024 Earnings: Revenues Miss Expectations

XTRA:BMW
Source: Shutterstock

Bayerische Motoren Werke (ETR:BMW) Third Quarter 2024 Results

Key Financial Results

  • Revenue: €32.4b (down 16% from 3Q 2023).
  • Net income: €389.0m (down 86% from 3Q 2023).
  • Profit margin: 1.2% (down from 7.0% in 3Q 2023). The decrease in margin was driven by lower revenue.
earnings-and-revenue-growth
XTRA:BMW Earnings and Revenue Growth November 8th 2024

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

Bayerische Motoren Werke Revenues Disappoint

Revenue missed analyst estimates by 2.8%.

Looking ahead, revenue is forecast to grow 2.4% p.a. on average during the next 3 years, compared to a 5.0% growth forecast for the Auto industry in Germany.

Performance of the German Auto industry.

The company's shares are down 3.5% from a week ago.

Risk Analysis

You still need to take note of risks, for example - Bayerische Motoren Werke has 2 warning signs (and 1 which shouldn't be ignored) we think you should know about.

Valuation is complex, but we're here to simplify it.

Discover if Bayerische Motoren Werke might be undervalued or overvalued with our detailed analysis, featuring fair value estimates, potential risks, dividends, insider trades, and its financial condition.

Access Free Analysis

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.

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.