Stock Analysis
Ringkjøbing Landbobank First Quarter 2024 Earnings: Beats Expectations
Ringkjøbing Landbobank (CPH:RILBA) First Quarter 2024 Results
Key Financial Results
- Revenue: kr.1.06b (up 28% from 1Q 2023).
- Net income: kr.615.9m (up 35% from 1Q 2023).
- Profit margin: 58% (up from 55% in 1Q 2023). The increase in margin was driven by higher revenue.
- EPS: kr.2,317 (up from kr.1,632 in 1Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Ringkjøbing Landbobank Revenues and Earnings Beat Expectations
Revenue exceeded analyst estimates by 3.2%. Earnings per share (EPS) also surpassed analyst estimates by 8.4%.
Looking ahead, revenue is forecast to grow 1.6% p.a. on average during the next 3 years, while revenues in the Banks industry in Denmark are expected to remain flat.
Performance of the Danish Banks industry.
The company's shares are down 3.0% from a week ago.
Risk Analysis
You should learn about the 1 warning sign we've spotted with Ringkjøbing Landbobank.
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About CPSE:RILBA
Ringkjøbing Landbobank
Ringkjøbing Landbobank A/S provides various banking products and services in Denmark.
Flawless balance sheet with solid track record.