Société Générale Société anonyme Third Quarter 2024 Earnings: Revenues Beat Expectations, EPS Lags

Société Générale Société anonyme (EPA:GLE) Third Quarter 2024 Results

Key Financial Results

• Revenue: €6.43b (up 9.5% from 3Q 2023).
• Net income: €1.20b (up 308% from 3Q 2023).
• Profit margin: 19% (up from 5.0% in 3Q 2023). The increase in margin was primarily driven by higher revenue.
• EPS: €1.51 (up from €0.37 in 3Q 2023).

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

Société Générale Société anonyme Revenues Beat Expectations, EPS Falls Short

Revenue exceeded analyst estimates by 3.0%. Earnings per share (EPS) missed analyst estimates by 31%.

Looking ahead, revenue is forecast to grow 3.4% p.a. on average during the next 3 years, compared to a 3.0% growth forecast for the Banks industry in Europe.

Performance of the market in France.

The company's shares are up 15% from a week ago.

Risk Analysis

It's still necessary to consider the ever-present spectre of investment risk. We've identified 1 warning sign with Société Générale Société anonyme, and understanding this should be part of your investment process.

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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.