Stock Analysis
- Germany
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- Aerospace & Defense
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- XTRA:MTX
MTU Aero Engines Second Quarter 2024 Earnings: EPS Beats Expectations, Revenues Lag
MTU Aero Engines (ETR:MTX) Second Quarter 2024 Results
Key Financial Results
- Revenue: €1.74b (up 12% from 2Q 2023).
- Net income: €159.0m (up 31% from 2Q 2023).
- Profit margin: 9.1% (up from 7.8% in 2Q 2023).
- EPS: €2.95 (up from €2.28 in 2Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
MTU Aero Engines EPS Beats Expectations, Revenues Fall Short
Revenue missed analyst estimates by 2.1%. Earnings per share (EPS) exceeded analyst estimates by 6.0%.
Looking ahead, revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 16% growth forecast for the Aerospace & Defense industry in Germany.
Performance of the German Aerospace & Defense industry.
The company's share price is broadly unchanged from a week ago.
Balance Sheet Analysis
Just as investors must consider earnings, it is also important to take into account the strength of a company's balance sheet. We have a graphic representation of MTU Aero Engines' balance sheet and an in-depth analysis of the company's financial position.
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About XTRA:MTX
MTU Aero Engines
Engages in the development, manufacture, marketing, and maintenance of commercial and military aircraft engines, and aero-derivative industrial gas turbines in Germany, other European countries, North America, Asia, and internationally.
