Stock Analysis
- Germany
- /
- Semiconductors
- /
- XTRA:S92
SMA Solar Technology First Quarter 2024 Earnings: Misses Expectations
SMA Solar Technology (ETR:S92) First Quarter 2024 Results
Key Financial Results
- Revenue: €361.8m (down 1.5% from 1Q 2023).
- Net income: €28.5m (down 45% from 1Q 2023).
- Profit margin: 7.9% (down from 14% in 1Q 2023). The decrease in margin was primarily driven by higher expenses.
- EPS: €0.82 (down from €1.49 in 1Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
SMA Solar Technology Revenues and Earnings Miss Expectations
Revenue missed analyst estimates by 16%. Earnings per share (EPS) also missed analyst estimates by 27%.
Looking ahead, revenue is forecast to grow 7.2% p.a. on average during the next 3 years, compared to a 8.4% growth forecast for the Semiconductor industry in Germany.
Performance of the German Semiconductor industry.
The company's shares are down 5.7% from a week ago.
Risk Analysis
You still need to take note of risks, for example - SMA Solar Technology has 3 warning signs (and 2 which make us uncomfortable) we think 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:S92
SMA Solar Technology
Engages in development, production, and sale of PV and battery inverters, transformers, chokes, monitoring systems for PV systems, and charging solutions for electric vehicles in Germany and internationally.
Very undervalued with flawless balance sheet.