Stock Analysis
Sanofi First Quarter 2024 Earnings: Revenues Beat Expectations, EPS Lags
Sanofi (EPA:SAN) First Quarter 2024 Results
Key Financial Results
- Revenue: €11.1b (up 2.3% from 1Q 2023).
- Net income: €1.13b (down 43% from 1Q 2023).
- Profit margin: 10% (down from 18% in 1Q 2023).
- EPS: €0.91 (down from €1.60 in 1Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Sanofi Revenues Beat Expectations, EPS Falls Short
Revenue exceeded analyst estimates by 2.5%. Earnings per share (EPS) missed analyst estimates by 29%.
Looking ahead, revenue is forecast to grow 5.0% p.a. on average during the next 3 years, compared to a 5.0% growth forecast for the Pharmaceuticals industry in France.
Performance of the French Pharmaceuticals industry.
The company's shares are up 7.5% from a week ago.
Risk Analysis
It is worth noting though that we have found 2 warning signs for Sanofi that you need to take into consideration.
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About ENXTPA:SAN
Sanofi
Sanofi, a healthcare company, engages in the research, development, manufacture, and marketing of therapeutic solutions in the United States, Europe, and internationally.
Flawless balance sheet established dividend payer.