Stock Analysis

Jyske Bank First Quarter 2024 Earnings: Revenues Beat Expectations, EPS Lags

Simply Wall St

May 08, 2024

Jyske Bank (CPH:JYSK) First Quarter 2024 Results

Key Financial Results

Revenue: kr.3.42b (up 1.0% from 1Q 2023).
Net income: kr.1.22b (down 2.1% from 1Q 2023).
Profit margin: 36% (down from 37% in 1Q 2023). The decrease in margin was driven by higher expenses.
EPS: kr.19.05 (down from kr.19.45 in 1Q 2023).

earnings-and-revenue-growth — CPSE:JYSK Earnings and Revenue Growth May 8th 2024

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

Jyske Bank Revenues Beat Expectations, EPS Falls Short

Revenue exceeded analyst estimates by 1.3%. Earnings per share (EPS) missed analyst estimates by 1.2%.

Looking ahead, revenue is expected to fall by 4.1% p.a. on average during the next 3 years compared to a 1.1% decline forecast for the Banks industry in Denmark.

Performance of the Danish Banks industry.

The company's shares are down 2.4% from a week ago.

Risk Analysis

What about risks? Every company has them, and we've spotted 1 warning sign for Jyske Bank 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.