Stock Analysis
- Denmark
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- CPSE:VWS
Vestas Wind Systems Second Quarter 2024 Earnings: Misses Expectations
Vestas Wind Systems (CPH:VWS) Second Quarter 2024 Results
Key Financial Results
- Revenue: €3.30b (down 3.9% from 2Q 2023).
- Net loss: €158.0m (loss widened by 37% from 2Q 2023).
- €0.16 loss per share (further deteriorated from €0.12 loss in 2Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Vestas Wind Systems Revenues and Earnings Miss Expectations
Revenue missed analyst estimates by 7.0%. Earnings per share (EPS) also missed analyst estimates by 130%.
Looking ahead, revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 7.2% growth forecast for the Electrical industry in Europe.
Performance of the market in Denmark.
The company's shares are down 3.4% from a week ago.
Balance Sheet Analysis
Just as investors must consider earnings, it is also important to take into account the strength of a company's balance sheet. See our latest analysis on Vestas Wind Systems' balance sheet health.
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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.
About CPSE:VWS
Vestas Wind Systems
Engages in the design, manufacture, installation, and services of wind turbines the United States, Denmark, and internationally.