Permanent TSB Group Holdings First Half 2024 Earnings: EPS Misses Expectations

Permanent TSB Group Holdings (ISE:PTSB) First Half 2024 Results

Key Financial Results

• Revenue: €350.0m (up 23% from 1H 2023).
• Net income: €42.0m (up by €38.0m from 1H 2023).
• Profit margin: 12% (up from 1.4% in 1H 2023).
• EPS: €0.077 (up from €0.007 in 1H 2023).

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

Permanent TSB Group Holdings EPS Misses Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 48%.

Looking ahead, revenue is forecast to grow 4.1% p.a. on average during the next 3 years, compared to a 3.0% growth forecast for the Banks industry in Europe.

Performance of the market in Ireland.

The company's shares are up 4.4% from a week ago.

Risk Analysis

What about risks? Every company has them, and we've spotted 3 warning signs for Permanent TSB Group Holdings you should know about.

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