Stock Analysis

Wacker Chemie Third Quarter 2024 Earnings: EPS Misses Expectations

Published
XTRA:WCH

Wacker Chemie (ETR:WCH) Third Quarter 2024 Results

Key Financial Results

  • Revenue: €1.43b (down 6.1% from 3Q 2023).
  • Net income: €27.9m (flat on 3Q 2023).
  • Profit margin: 2.0% (up from 1.8% in 3Q 2023). The increase in margin was driven by lower expenses.
  • EPS: €0.56 (in line with 3Q 2023).
XTRA:WCH Earnings and Revenue Growth October 30th 2024

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

Wacker Chemie EPS Misses Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 17%.

Looking ahead, revenue is forecast to grow 5.2% p.a. on average during the next 3 years, compared to a 4.1% growth forecast for the Chemicals industry in Germany.

Performance of the German Chemicals industry.

The company's shares are down 6.0% from a week ago.

Risk Analysis

It is worth noting though that we have found 2 warning signs for Wacker Chemie (1 is a bit concerning!) that you need to take into consideration.

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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.