Stock Analysis
- Germany
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- Interactive Media and Services
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- XTRA:G24
Scout24 First Quarter 2024 Earnings: EPS Misses Expectations
Scout24 (ETR:G24) First Quarter 2024 Results
Key Financial Results
- Revenue: €141.4m (up 10% from 1Q 2023).
- Net income: €39.4m (up 6.2% from 1Q 2023).
- Profit margin: 28% (down from 29% in 1Q 2023). The decrease in margin was driven by higher expenses.
- EPS: €0.54 (up from €0.50 in 1Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Scout24 EPS Misses Expectations
Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 8.5%.
Looking ahead, revenue is forecast to grow 8.4% p.a. on average during the next 3 years, compared to a 9.8% growth forecast for the Interactive Media and Services industry in Europe.
Performance of the market in Germany.
The company's shares are up 1.8% from a week ago.
Risk Analysis
What about risks? Every company has them, and we've spotted 2 warning signs for Scout24 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:G24
Scout24
Operates ImmoScout24, a digital platform for the residential and commercial real estate sectors in Germany and internationally.
Solid track record with adequate balance sheet.