Eurobank Ergasias Services and Holdings Second Quarter 2024 Earnings: EPS Beats Expectations
Eurobank Ergasias Services and Holdings (ATH:EUROB) Second Quarter 2024 Results
Key Financial Results
- Revenue: €732.0m (flat on 2Q 2023).
- Net income: €441.0m (down 1.6% from 2Q 2023).
- Profit margin: 60% (in line with 2Q 2023).
- EPS: €0.12 (down from €0.12 in 2Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Eurobank Ergasias Services and Holdings EPS Beats Expectations
Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 20%.
Looking ahead, revenue is forecast to grow 7.3% p.a. on average during the next 3 years, compared to a 3.1% growth forecast for the Banks industry in Greece.
Performance of the Greek Banks industry.
The company's share price is broadly unchanged from a week ago.
Valuation
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About ATSE:EUROB
Eurobank Ergasias Services and Holdings
Provides retail banking, corporate and private banking, asset management, treasury, capital market, and other services primarily in Greece, rest of Europe, and internationally.
Undervalued with adequate balance sheet.
