Stock Analysis
Pirelli & C (BIT:PIRC) First Quarter 2024 Results
Key Financial Results
- Revenue: €1.77b (flat on 1Q 2023).
- Net income: €93.8m (down 16% from 1Q 2023).
- Profit margin: 5.3% (down from 6.3% in 1Q 2023).
- EPS: €0.094 (down from €0.11 in 1Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Pirelli & C EPS Misses Expectations
Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 16%.
Looking ahead, revenue is forecast to grow 1.7% p.a. on average during the next 3 years, compared to a 2.5% growth forecast for the Auto Components industry in Italy.
Performance of the Italian Auto Components industry.
The company's shares are up 3.8% from a week ago.
Risk Analysis
Before you take the next step you should know about the 3 warning signs for Pirelli & C that we have uncovered.
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About BIT:PIRC
Pirelli & C
Manufactures and supplies tires for cars, motorcycles, and bicycles worldwide.
Proven track record with adequate balance sheet.