DWS Group GmbH KGaA First Quarter 2024 Earnings: EPS Misses Expectations

DWS Group GmbH KGaA (ETR:DWS) First Quarter 2024 Results

Key Financial Results

• Revenue: €653.0m (up 4.6% from 1Q 2023).
• Net income: €146.0m (up 5.8% from 1Q 2023).
• Profit margin: 22% (in line with 1Q 2023).
• EPS: €0.73.

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

DWS Group GmbH KGaA EPS Misses Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 6.6%.

Looking ahead, revenue is expected to decline by 8.2% p.a. on average during the next 3 years, while revenues in the Capital Markets industry in Germany are expected to grow by 1.8%.

Performance of the German Capital Markets industry.

The company's share price is broadly unchanged from a week ago.

Risk Analysis

We should say that we've discovered 1 warning sign for DWS Group GmbH KGaA that you should be aware of before investing here.

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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.