Stock Analysis
NatWest Group (LON:NWG) First Quarter 2024 Results
Key Financial Results
- Revenue: UK£3.38b (down 11% from 1Q 2023).
- Net income: UK£922.0m (down 26% from 1Q 2023).
- Profit margin: 27% (down from 33% in 1Q 2023). The decrease in margin was driven by lower revenue.
- EPS: UK£0.10 (down from UK£0.13 in 1Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
NatWest Group Revenues and Earnings Beat Expectations
Revenue exceeded analyst estimates by 3.5%. Earnings per share (EPS) also surpassed analyst estimates by 13%.
Looking ahead, revenue is forecast to grow 2.9% p.a. on average during the next 3 years, compared to a 3.9% growth forecast for the Banks industry in the United Kingdom.
Performance of the British Banks industry.
The company's shares are up 6.6% from a week ago.
Risk Analysis
We don't want to rain on the parade too much, but we did also find 2 warning signs for NatWest Group (1 is a bit concerning!) that you need to be mindful of.
Valuation is complex, but we're helping make it simple.
Find out whether NatWest Group is potentially over or undervalued by checking out our comprehensive analysis, which includes fair value estimates, risks and warnings, dividends, insider transactions and financial health.
View the Free AnalysisHave feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
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.
About LSE:NWG
NatWest Group
Provides banking and financial products and services to personal, commercial, corporate, and institutional customers in the United Kingdom and internationally.
Excellent balance sheet and good value.