AstraZeneca Third Quarter 2024 Earnings: Revenues Beat Expectations, EPS Lags

AstraZeneca (LON:AZN) Third Quarter 2024 Results

Key Financial Results

• Revenue: US$13.6b (up 18% from 3Q 2023).
• Net income: US$1.43b (up 4.0% from 3Q 2023).
• Profit margin: 11% (down from 12% in 3Q 2023).
• EPS: US$0.92 (up from US$0.89 in 3Q 2023).

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

AstraZeneca Revenues Beat Expectations, EPS Falls Short

Revenue exceeded analyst estimates by 3.6%. Earnings per share (EPS) missed analyst estimates by 39%.

Looking ahead, revenue is forecast to grow 6.3% p.a. on average during the next 3 years, compared to a 5.8% growth forecast for the Pharmaceuticals industry in the United Kingdom.

Performance of the British Pharmaceuticals industry.

The company's shares are up 2.2% from a week ago.

Risk Analysis

It's still necessary to consider the ever-present spectre of investment risk. We've identified 2 warning signs with AstraZeneca, and understanding these should be part of your investment process.

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