Stock Analysis

Airbus First Quarter 2024 Earnings: Misses Expectations

Simply Wall St

April 27, 2024

Airbus (EPA:AIR) First Quarter 2024 Results

Key Financial Results

Revenue: €12.8b (up 9.1% from 1Q 2023).
Net income: €595.0m (up 28% from 1Q 2023).
Profit margin: 4.6% (up from 4.0% in 1Q 2023). The increase in margin was driven by higher revenue.
EPS: €0.76 (up from €0.59 in 1Q 2023).

earnings-and-revenue-growth — ENXTPA:AIR Earnings and Revenue Growth April 27th 2024

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

Airbus Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 1.2%. Earnings per share (EPS) also missed analyst estimates by 8.9%.

Looking ahead, revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Aerospace & Defense industry in France.

Performance of the French Aerospace & Defense industry.

The company's shares are down 1.9% from a week ago.

Balance Sheet Analysis

Just as investors must consider earnings, it is also important to take into account the strength of a company's balance sheet. We've done some analysis and you can see our take on Airbus' balance sheet.

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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.