Acerinox Second Quarter 2024 Earnings: EPS Beats Expectations, Revenues Lag

Acerinox (BME:ACX) Second Quarter 2024 Results

Key Financial Results

• Revenue: €1.31b (down 25% from 2Q 2023).
• Net income: €61.5m (down 57% from 2Q 2023).
• Profit margin: 4.7% (down from 8.1% in 2Q 2023).
• EPS: €0.25 (down from €0.59 in 2Q 2023).

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

Acerinox EPS Beats Expectations, Revenues Fall Short

Revenue missed analyst estimates by 2.1%. Earnings per share (EPS) exceeded analyst estimates by 15%.

Looking ahead, revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 2.1% growth forecast for the Metals and Mining industry in Europe.

Performance of the market in Spain.

The company's shares are up 2.8% from a week ago.

Risk Analysis

You should learn about the 3 warning signs we've spotted with Acerinox.

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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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