Stock Analysis
Gestamp Automoción (BME:GEST) Second Quarter 2024 Results
Key Financial Results
- Revenue: €3.17b (flat on 2Q 2023).
- Net income: €51.2m (down 38% from 2Q 2023).
- Profit margin: 1.6% (down from 2.6% in 2Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Gestamp Automoción Earnings Insights
Looking ahead, revenue is forecast to grow 4.3% p.a. on average during the next 3 years, compared to a 4.2% growth forecast for the Auto Components industry in Europe.
Performance of the market in Spain.
The company's shares are down 2.3% from a week ago.
Risk Analysis
You should always think about risks. Case in point, we've spotted 3 warning signs for Gestamp Automoción you should be aware of, and 1 of them doesn't sit too well with us.
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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.
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About BME:GEST
Gestamp Automoción
Designs, develops, manufactures, and sells metal automotive components in Western Europe, Eastern Europe, Mercosur, North America, and Asia.
