DEUTZ Second Quarter 2024 Earnings: EPS Beats Expectations, Revenues Lag

DEUTZ (ETR:DEZ) Second Quarter 2024 Results

Key Financial Results

• Revenue: €420.8m (down 17% from 2Q 2023).
• Net income: €9.10m (down 56% from 2Q 2023).
• Profit margin: 2.2% (down from 4.0% in 2Q 2023). The decrease in margin was driven by lower revenue.
• EPS: €0.07 (down from €0.16 in 2Q 2023).

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

DEUTZ EPS Beats Expectations, Revenues Fall Short

Revenue missed analyst estimates by 2.0%. Earnings per share (EPS) exceeded analyst estimates by 24%.

Looking ahead, revenue is forecast to grow 9.7% p.a. on average during the next 3 years, compared to a 4.6% growth forecast for the Machinery industry in Germany.

Performance of the German Machinery industry.

The company's shares are down 3.2% from a week ago.

Risk Analysis

You should learn about the 3 warning signs we've spotted with DEUTZ.

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