Eurobank Ergasias Services and Holdings Third Quarter 2024 Earnings: Beats Expectations

Eurobank Ergasias Services and Holdings (ATH:EUROB) Third Quarter 2024 Results

Key Financial Results

• Revenue: €826.0m (up 35% from 3Q 2023).
• Net income: €414.0m (up 39% from 3Q 2023).
• Profit margin: 50% (up from 49% in 3Q 2023). The increase in margin was driven by higher revenue.
• EPS: €0.11 (up from €0.08 in 3Q 2023).

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

Eurobank Ergasias Services and Holdings Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 2.4%. Earnings per share (EPS) also surpassed analyst estimates by 13%.

Looking ahead, revenue is forecast to grow 6.2% p.a. on average during the next 3 years, compared to a 2.8% growth forecast for the Banks industry in Greece.

Performance of the Greek Banks industry.

The company's shares are up 6.6% from a week ago.

Risk Analysis

You should learn about the 2 warning signs we've spotted with Eurobank Ergasias Services and Holdings (including 1 which can't be ignored).

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