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

WashTec (ETR:WSU) Second Quarter 2024 Results

Key Financial Results

• Revenue: €119.4m (down 6.0% from 2Q 2023).
• Net income: €7.55m (up 23% from 2Q 2023).
• Profit margin: 6.3% (up from 4.9% in 2Q 2023). The increase in margin was driven by lower expenses.
• EPS: €0.56 (up from €0.46 in 2Q 2023).

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

WashTec EPS Beats Expectations, Revenues Fall Short

Revenue missed analyst estimates by 2.7%. Earnings per share (EPS) exceeded analyst estimates by 3.7%.

Looking ahead, revenue is forecast to grow 4.9% p.a. on average during the next 3 years, compared to a 4.5% growth forecast for the Machinery industry in Germany.

Performance of the German Machinery industry.

The company's shares are down 3.5% from a week ago.

Risk Analysis

Be aware that WashTec is showing 2 warning signs in our investment analysis that you should know about...

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