Crédit Agricole First Quarter 2024 Earnings: Revenues Beat Expectations, EPS Lags

Crédit Agricole (EPA:ACA) First Quarter 2024 Results

Key Financial Results

• Revenue: €6.41b (up 12% from 1Q 2023).
• Net income: €1.52b (up 40% from 1Q 2023).
• Profit margin: 24% (up from 19% in 1Q 2023). The increase in margin was driven by higher revenue.
• EPS: €0.50 (up from €0.36 in 1Q 2023).

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

Crédit Agricole Revenues Beat Expectations, EPS Falls Short

Revenue exceeded analyst estimates by 3.7%. Earnings per share (EPS) missed analyst estimates by 2.3%.

Looking ahead, revenue is forecast to grow 4.3% p.a. on average during the next 3 years, compared to a 3.2% growth forecast for the Banks industry in Europe.

Performance of the market in France.

The company's shares are up 3.1% from a week ago.

Risk Analysis

Before we wrap up, we've discovered 2 warning signs for Crédit Agricole (1 is significant!) that you should be aware of.

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