Stock Analysis
Leonardo (BIT:LDO) First Quarter 2024 Results
Key Financial Results
- Revenue: €3.66b (up 21% from 1Q 2023).
- Net income: €81.0m (up 125% from 1Q 2023).
- Profit margin: 2.2% (up from 1.2% in 1Q 2023).
- EPS: €0.78.
All figures shown in the chart above are for the trailing 12 month (TTM) period
Leonardo Revenues and Earnings Beat Expectations
Revenue exceeded analyst estimates by 8.5%. Earnings per share (EPS) also surpassed analyst estimates significantly.
Looking ahead, revenue is forecast to grow 5.2% p.a. on average during the next 3 years, compared to a 5.5% growth forecast for the Aerospace & Defense industry in Italy.
Performance of the Italian Aerospace & Defense industry.
The company's shares are up 1.9% from a week ago.
Risk Analysis
Before you take the next step you should know about the 1 warning sign for Leonardo that we have uncovered.
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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.
About BIT:LDO
Leonardo
An industrial and technological company, engages in the helicopters, defense electronics and security, aircraft, aerostructures, and space sectors in Italy, the United Kingdom, rest of Europe, the United States, and internationally.