ACS Actividades de Construcción y Servicios Third Quarter 2024 Earnings: Beats Expectations

ACS Actividades de Construcción y Servicios (BME:ACS) Third Quarter 2024 Results

Key Financial Results

• Revenue: €11.0b (up 17% from 3Q 2023).
• Net income: €188.5m (down 1.2% from 3Q 2023).
• Profit margin: 1.7% (down from 2.0% in 3Q 2023). The decrease in margin was driven by higher expenses.
• EPS: €0.74.

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

ACS Actividades de Construcción y Servicios Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 2.7%. Earnings per share (EPS) also surpassed analyst estimates by 11%.

Looking ahead, revenue is forecast to grow 6.4% p.a. on average during the next 3 years, compared to a 3.9% growth forecast for the Construction industry in Spain.

Performance of the Spanish Construction industry.

The company's shares are down 5.5% from a week ago.

Risk Analysis

Before we wrap up, we've discovered 2 warning signs for ACS Actividades de Construcción y Servicios (1 is a bit unpleasant!) that you should be aware of.

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