Hellenic Telecommunications Organization Second Quarter 2024 Earnings: EPS Beats Expectations

Hellenic Telecommunications Organization (ATH:HTO) Second Quarter 2024 Results

Key Financial Results

• Revenue: €910.7m (up 6.6% from 2Q 2023).
• Net income: €125.9m (up 13% from 2Q 2023).
• Profit margin: 14% (in line with 2Q 2023).
• EPS: €0.30 (up from €0.27 in 2Q 2023).

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

Hellenic Telecommunications Organization EPS Beats Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 13%.

Looking ahead, revenue is forecast to grow 1.3% p.a. on average during the next 3 years, compared to a 2.2% growth forecast for the Telecom industry in Europe.

Performance of the market in Greece.

The company's shares are down 5.1% from a week ago.

Valuation

Our analysis of these results suggests Hellenic Telecommunications Organization may be undervalued based on 6 important criteria we look at. You can access our in-depth analysis and discover what the outlook is like for the stock by clicking here.

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