Stock Analysis
Jyske Bank First Quarter 2024 Earnings: Revenues Beat Expectations, EPS Lags
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).
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.
New: Manage All Your Stock Portfolios in One Place
We've created the ultimate portfolio companion for stock investors, and it's free.
• Connect an unlimited number of Portfolios and see your total in one currency
• Be alerted to new Warning Signs or Risks via email or mobile
• Track the Fair Value of your stocks
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
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.
About CPSE:JYSK
Jyske Bank
Provides various financial solutions in Denmark and Germany.