Hapag-Lloyd Second Quarter 2024 Earnings: Revenues Beat Expectations, EPS Lags

Hapag-Lloyd (ETR:HLAG) Second Quarter 2024 Results

Key Financial Results

• Revenue: €4.54b (up 2.9% from 2Q 2023).
• Net income: €429.7m (down 57% from 2Q 2023).
• Profit margin: 9.5% (down from 23% in 2Q 2023). The decrease in margin was driven by higher expenses.
• EPS: €2.44 (down from €5.71 in 2Q 2023).

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

Hapag-Lloyd Revenues Beat Expectations, EPS Falls Short

Revenue exceeded analyst estimates by 96%. Earnings per share (EPS) missed analyst estimates by 21%.

Looking ahead, revenue is forecast to grow 1.8% p.a. on average during the next 3 years, compared to a 2.3% growth forecast for the Shipping industry in Europe.

Performance of the market in Germany.

The company's shares are down 3.1% from a week ago.

Valuation

Our analysis of these results suggests Hapag-Lloyd may be overvalued based on 6 important criteria we look at. Click here to view our comprehensive analysis and gain insights into the stock's investment prospects.

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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.