Azrieli Group Third Quarter 2024 Earnings: Revenues Beat Expectations, EPS Lags

Azrieli Group (TLV:AZRG) Third Quarter 2024 Results

Key Financial Results

• Revenue: ₪894.0m (up 9.2% from 3Q 2023).
• Net income: ₪383.0m (up 8.8% from 3Q 2023).
• Profit margin: 43% (in line with 3Q 2023).
• EPS: ₪3.16 (up from ₪2.90 in 3Q 2023).

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

Azrieli Group Revenues Beat Expectations, EPS Falls Short

Revenue exceeded analyst estimates by 48%. Earnings per share (EPS) missed analyst estimates by 53%.

Looking ahead, revenue is expected to decline by 17% p.a. on average during the next 3 years, while revenues in the Real Estate industry in Asia are expected to grow by 7.5%.

Performance of the market in Israel.

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

Risk Analysis

Before you take the next step you should know about the 3 warning signs for Azrieli Group (1 shouldn't be ignored!) that we have uncovered.

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