SMA Solar Technology Second Quarter 2024 Earnings: Beats Expectations

SMA Solar Technology (ETR:S92) Second Quarter 2024 Results

Key Financial Results

• Revenue: €397.5m (down 3.4% from 2Q 2023).
• Net income: €15.6m (down 70% from 2Q 2023).
• Profit margin: 3.9% (down from 13% in 2Q 2023). The decrease in margin was primarily driven by higher expenses.
• EPS: €0.45 (down from €1.49 in 2Q 2023).

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

SMA Solar Technology Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 4.6%. Earnings per share (EPS) also surpassed analyst estimates by 96%.

Looking ahead, revenue is forecast to grow 5.4% p.a. on average during the next 3 years, compared to a 8.6% growth forecast for the Semiconductor industry in Germany.

Performance of the German Semiconductor industry.

The company's shares are down 6.9% from a week ago.

Risk Analysis

Before we wrap up, we've discovered 2 warning signs for SMA Solar Technology (1 is a bit unpleasant!) that you should be aware of.

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