Stock Analysis

Vonovia First Quarter 2024 Earnings: EPS Beats Expectations

Simply Wall St

May 01, 2024

Vonovia (ETR:VNA) First Quarter 2024 Results

Key Financial Results

Revenue: €1.63b (up 7.0% from 1Q 2023).
Net income: €294.4m (up from €1.96b loss in 1Q 2023).
Profit margin: 18% (up from net loss in 1Q 2023).
EPS: €0.36 (up from €2.47 loss in 1Q 2023).

earnings-and-revenue-growth — XTRA:VNA Earnings and Revenue Growth May 1st 2024

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

Vonovia EPS Beats Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) exceeded analyst estimates.

Looking ahead, revenue is expected to fall by 16% p.a. on average during the next 3 years compared to a 13% decline forecast for the Real Estate industry in Germany.

Performance of the German Real Estate industry.

The company's shares are up 5.4% from a week ago.

Risk Analysis

Before you take the next step you should know about the 3 warning signs for Vonovia (1 is a bit unpleasant!) that we have uncovered.

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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.