Stock Analysis
- Germany
- /
- Healthcare Services
- /
- XTRA:FME
Fresenius Medical Care Second Quarter 2024 Earnings: Misses Expectations
Fresenius Medical Care (ETR:FME) Second Quarter 2024 Results
Key Financial Results
- Revenue: €4.77b (down 1.2% from 2Q 2023).
- Net income: €187.0m (up 33% from 2Q 2023).
- Profit margin: 3.9% (up from 2.9% in 2Q 2023). The increase in margin was driven by lower expenses.
- EPS: €0.64 (up from €0.48 in 2Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Fresenius Medical Care Revenues and Earnings Miss Expectations
Revenue missed analyst estimates by 4.8%. Earnings per share (EPS) also missed analyst estimates by 95%.
Looking ahead, revenue is forecast to grow 3.8% p.a. on average during the next 3 years, compared to a 3.7% growth forecast for the Healthcare industry in Germany.
Performance of the German Healthcare industry.
The company's shares are down 4.3% from a week ago.
Risk Analysis
Be aware that Fresenius Medical Care is showing 1 warning sign in our investment analysis that you should know about...
New: AI Stock Screener & Alerts
Our new AI Stock Screener scans the market every day to uncover opportunities.
• Dividend Powerhouses (3%+ Yield)
• Undervalued Small Caps with Insider Buying
• High growth Tech and AI Companies
Or build your own from over 50 metrics.
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
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.
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com
About XTRA:FME
Fresenius Medical Care
Provides dialysis and related services for individuals with renal diseases in Germany, North America, and internationally.