Bayerische Motoren Werke Third Quarter 2024 Earnings: Revenues Miss Expectations
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.
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.
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About XTRA:BMW
Bayerische Motoren Werke
Engages in the development, manufacture, and sale of automobiles and motorcycles, and spare parts and accessories worldwide.
Undervalued with adequate balance sheet and pays a dividend.