PATRIZIA Third Quarter 2024 Earnings: EPS Beats Expectations, Revenues Lag

PATRIZIA (ETR:PAT) Third Quarter 2024 Results

Key Financial Results

• Revenue: €64.0m (down 16% from 3Q 2023).
• Net loss: €8.67m (down by 199% from €8.75m profit in 3Q 2023).
• €0.10 loss per share (down from €0.10 profit in 3Q 2023).

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

PATRIZIA EPS Beats Expectations, Revenues Fall Short

Revenue missed analyst estimates by 1.2%. Earnings per share (EPS) exceeded analyst estimates by 38%.

Looking ahead, revenue is forecast to grow 3.1% p.a. on average during the next 3 years, compared to a 11% decline forecast for the Real Estate industry in Germany.

Performance of the German Real Estate industry.

The company's shares are up 1.4% from a week ago.

Risk Analysis

It is worth noting though that we have found 1 warning sign for PATRIZIA that you need to take into consideration.

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