Continental Second Quarter 2024 Earnings: EPS Misses Expectations

Continental (ETR:CON) Second Quarter 2024 Results

Key Financial Results

• Revenue: €10.0b (down 4.1% from 2Q 2023).
• Net income: €305.0m (up 46% from 2Q 2023).
• Profit margin: 3.0% (up from 2.0% in 2Q 2023). The increase in margin was driven by lower expenses.
• EPS: €1.52 (up from €1.04 in 2Q 2023).

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

Continental EPS Misses Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 23%.

Looking ahead, revenue is forecast to grow 3.5% p.a. on average during the next 3 years, compared to a 5.6% growth forecast for the Auto Components industry in Germany.

Performance of the German Auto Components industry.

The company's shares are up 5.8% from a week ago.

Risk Analysis

What about risks? Every company has them, and we've spotted 1 warning sign for Continental you should know about.

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