Iveco Group First Quarter 2024 Earnings: EPS Beats Expectations, Revenues Lag

Iveco Group (BIT:IVG) First Quarter 2024 Results

Key Financial Results

• Revenue: €3.37b (flat on 1Q 2023).
• Net income: €27.0m (up 350% from 1Q 2023).
• Profit margin: 0.8% (up from 0.2% in 1Q 2023).
• EPS: €0.095 (up from €0.022 in 1Q 2023).

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

Iveco Group EPS Beats Expectations, Revenues Fall Short

Revenue missed analyst estimates by 5.7%. Earnings per share (EPS) exceeded analyst estimates.

Looking ahead, revenue is forecast to grow 3.4% p.a. on average during the next 3 years, compared to a 5.1% growth forecast for the Machinery industry in Italy.

Performance of the Italian Machinery industry.

The company's shares are up 2.1% from a week ago.

Risk Analysis

You still need to take note of risks, for example - Iveco Group has 3 warning signs we think you should be aware of.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.