Vestas Wind Systems Third Quarter 2024 Earnings: Revenues Beat Expectations, EPS Lags

Vestas Wind Systems (CPH:VWS) Third Quarter 2024 Results

Key Financial Results

• Revenue: €5.18b (up 19% from 3Q 2023).
• Net income: €127.0m (up 338% from 3Q 2023).
• Profit margin: 2.5% (up from 0.7% in 3Q 2023).
• EPS: €0.13 (up from €0.03 in 3Q 2023).

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

Vestas Wind Systems Revenues Beat Expectations, EPS Falls Short

Revenue exceeded analyst estimates by 5.7%. Earnings per share (EPS) missed analyst estimates by 42%.

Looking ahead, revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 7.1% growth forecast for the Electrical industry in Europe.

Performance of the market in Denmark.

The company's shares are down 7.2% from a week ago.

Risk Analysis

It's still necessary to consider the ever-present spectre of investment risk. We've identified 2 warning signs with Vestas Wind Systems, and understanding them should be part of your investment process.

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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.