Schneider Electric First Half 2024 Earnings: EPS Misses Expectations

Schneider Electric (EPA:SU) First Half 2024 Results

Key Financial Results

• Revenue: €18.2b (up 3.1% from 1H 2023).
• Net income: €1.88b (down 7.0% from 1H 2023).
• Profit margin: 10% (down from 12% in 1H 2023). The decrease in margin was driven by higher expenses.
• EPS: €3.36 (down from €3.61 in 1H 2023).

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

Schneider Electric EPS Misses Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 14%.

Looking ahead, revenue is forecast to grow 7.1% p.a. on average during the next 3 years, compared to a 6.5% growth forecast for the Electrical industry in France.

Performance of the French Electrical industry.

The company's shares are down 7.3% 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. See our latest analysis on Schneider Electric's balance sheet health.

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