Lloyds Banking Group Third Quarter 2024 Earnings: Revenues Beat Expectations, EPS Lags

Lloyds Banking Group (LON:LLOY) Third Quarter 2024 Results

Key Financial Results

• Revenue: UK£4.43b (flat on 3Q 2023).
• Net income: UK£1.63b (down 1.7% from 3Q 2023).
• Profit margin: 37% (in line with 3Q 2023).
• EPS: UK£0.019 (down from UK£0.02 in 3Q 2023).

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

Lloyds Banking Group Revenues Beat Expectations, EPS Falls Short

Revenue exceeded analyst estimates by 1.1%. Earnings per share (EPS) missed analyst estimates by 19%.

Looking ahead, revenue is forecast to grow 3.5% p.a. on average during the next 3 years, compared to a 3.7% growth forecast for the Banks industry in the United Kingdom.

Performance of the British Banks industry.

The company's share price is broadly unchanged from a week ago.

Risk Analysis

You should always think about risks. Case in point, we've spotted 1 warning sign for Lloyds Banking Group you should be aware of.

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