Stock Analysis
LANXESS Third Quarter 2024 Earnings: EPS Beats Expectations, Revenues Lag
LANXESS (ETR:LXS) Third Quarter 2024 Results
Key Financial Results
- Revenue: €1.60b (flat on 3Q 2023).
- Net income: €1.00m (up from €131.0m loss in 3Q 2023).
- Profit margin: 0.1% (up from net loss in 3Q 2023).
- EPS: €0.01 (up from €1.52 loss in 3Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
LANXESS EPS Beats Expectations, Revenues Fall Short
Revenue missed analyst estimates by 3.7%. Earnings per share (EPS) exceeded analyst estimates.
Looking ahead, revenue is forecast to grow 3.5% p.a. on average during the next 3 years, compared to a 4.3% growth forecast for the Chemicals industry in Germany.
Performance of the German Chemicals industry.
The company's shares are down 12% from a week ago.
Risk Analysis
Be aware that LANXESS is showing 1 warning sign in our investment analysis that you should know about...
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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:LXS
LANXESS
Operates as a specialty chemicals company that engages in the development, manufacture, and marketing of chemical intermediates, additives, specialty chemicals, and consumer protection products worldwide.