Rheinmetall Third Quarter 2024 Earnings: Revenues Beat Expectations, EPS Lags

Rheinmetall (ETR:RHM) Third Quarter 2024 Results

Key Financial Results

• Revenue: €2.50b (up 42% from 3Q 2023).
• Net income: €135.0m (up 35% from 3Q 2023).
• Profit margin: 5.4% (down from 5.7% in 3Q 2023). The decrease in margin was driven by higher expenses.
• EPS: €3.11 (up from €2.29 in 3Q 2023).

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

Rheinmetall Revenues Beat Expectations, EPS Falls Short

Revenue exceeded analyst estimates by 1.9%. Earnings per share (EPS) missed analyst estimates by 19%.

Looking ahead, revenue is forecast to grow 20% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Aerospace & Defense industry in Germany.

Performance of the German Aerospace & Defense industry.

The company's shares are up 14% 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 Rheinmetall's balance sheet and an in-depth analysis of the company's financial position.

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