Eurobank Ergasias Services and Holdings Third Quarter 2022 Earnings: EPS Beats Expectations, Revenues Lag

Eurobank Ergasias Services and Holdings (ATH:EUROB) Third Quarter 2022 Results

Key Financial Results

• Revenue: €487.0m (up 62% from 3Q 2021).
• Net income: €165.0m (up by €139.0m from 3Q 2021).
• Profit margin: 34% (up from 8.6% in 3Q 2021). The increase in margin was driven by higher revenue.
• EPS: €0.04 (up from €0.007 in 3Q 2021).

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

Eurobank Ergasias Services and Holdings EPS Beats Expectations, Revenues Fall Short

Revenue missed analyst estimates by 1.4%. Earnings per share (EPS) exceeded analyst estimates by 14%.

Looking ahead, revenue is expected to decline by 5.2% p.a. on average during the next 3 years, while revenues in the Banks industry in Europe are expected to grow by 5.2%.

Performance of the market in Greece.

The company's shares are up 6.1% from a week ago.

Risk Analysis

You should always think about risks. Case in point, we've spotted 1 warning sign for Eurobank Ergasias Services and Holdings you should be aware of.

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