Stock Analysis
Siemens (ETR:SIE) Second Quarter 2024 Results
Key Financial Results
- Revenue: €19.2b (down 1.3% from 2Q 2023).
- Net income: €1.87b (down 46% from 2Q 2023).
- Profit margin: 9.8% (down from 18% in 2Q 2023). The decrease in margin was primarily driven by higher expenses.
- EPS: €2.37 (down from €4.40 in 2Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Siemens EPS Beats Expectations
Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 16%.
Looking ahead, revenue is forecast to grow 5.6% p.a. on average during the next 3 years, compared to a 5.7% growth forecast for the Industrials industry in Europe.
Performance of the market in Germany.
The company's shares are down 6.3% from a week ago.
Risk Analysis
Before you take the next step you should know about the 1 warning sign for Siemens that we have uncovered.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
About XTRA:SIE
Siemens
A technology company, focuses in the areas of automation and digitalization in Europe, Commonwealth of Independent States, Africa, the Middle East, the Americas, Asia, and Australia.
