Telefónica Third Quarter 2024 Earnings: EPS Misses Expectations

Telefónica (BME:TEF) Third Quarter 2024 Results

Key Financial Results

• Revenue: €10.0b (down 6.4% from 3Q 2023).
• Net income: €10.0m (down 98% from 3Q 2023).
• Profit margin: 0.1% (down from 4.7% in 3Q 2023). The decrease in margin was driven by lower revenue.
• EPS: €0.002 (down from €0.089 in 3Q 2023).

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

Telefónica EPS Misses Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 98%.

Looking ahead, revenue is forecast to stay flat during the next 3 years compared to a 2.2% growth forecast for the Telecom industry in Europe.

Performance of the market in Spain.

The company's shares are down 3.0% from a week ago.

Risk Analysis

Before you take the next step you should know about the 2 warning signs for Telefónica (1 is concerning!) that we have uncovered.

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