BAE Systems First Half 2024 Earnings: Beats Expectations

BAE Systems (LON:BA.) First Half 2024 Results

Key Financial Results

• Revenue: UK£12.5b (up 14% from 1H 2023).
• Net income: UK£948.0m (down 1.8% from 1H 2023).
• Profit margin: 7.6% (down from 8.8% in 1H 2023). The decrease in margin was driven by higher expenses.
• EPS: UK£0.31 (down from UK£0.32 in 1H 2023).

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

BAE Systems Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 2.3%. Earnings per share (EPS) also surpassed analyst estimates by 11%.

Looking ahead, revenue is forecast to grow 8.5% p.a. on average during the next 3 years, compared to a 8.3% growth forecast for the Aerospace & Defense industry in the United Kingdom.

Performance of the British Aerospace & Defense industry.

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

Risk Analysis

Before you take the next step you should know about the 1 warning sign for BAE Systems that we have uncovered.

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