United Internet Third Quarter 2024 Earnings: Revenues Beat Expectations, EPS Lags

United Internet (ETR:UTDI) Third Quarter 2024 Results

Key Financial Results

• Revenue: €1.57b (flat on 3Q 2023).
• Net income: €39.5m (down 41% from 3Q 2023).
• Profit margin: 2.5% (down from 4.3% in 3Q 2023).
• EPS: €0.23 (down from €0.39 in 3Q 2023).

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

United Internet Revenues Beat Expectations, EPS Falls Short

Revenue exceeded analyst estimates by 94%. Earnings per share (EPS) missed analyst estimates by 19%.

Looking ahead, revenue is forecast to grow 4.2% p.a. on average during the next 3 years, compared to a 2.4% growth forecast for the Telecom industry in Germany.

Performance of the German Telecom industry.

The company's shares are down 17% from a week ago.

Risk Analysis

We should say that we've discovered 2 warning signs for United Internet (1 shouldn't be ignored!) that you should be aware of before investing here.

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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.