Stock Analysis
Fraport (ETR:FRA) Third Quarter 2024 Results
Key Financial Results
- Revenue: €1.37b (up 12% from 3Q 2023).
- Net income: €229.7m (down 2.5% from 3Q 2023).
- Profit margin: 17% (down from 19% in 3Q 2023). The decrease in margin was driven by higher expenses.
- EPS: €2.49 (down from €2.55 in 3Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Fraport Revenues and Earnings Beat Expectations
Revenue exceeded analyst estimates by 7.0%. Earnings per share (EPS) also surpassed analyst estimates by 7.2%.
Looking ahead, revenue is forecast to stay flat during the next 3 years compared to a 3.8% growth forecast for the Infrastructure industry in Europe.
Performance of the market in Germany.
The company's shares are down 1.8% from a week ago.
Risk Analysis
Before we wrap up, we've discovered 1 warning sign for Fraport that you should be aware of.
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About XTRA:FRA
Fraport
Owns and operates airports in Germany, rest of Europe, Asia, and the United States.
