Maire Third Quarter 2024 Earnings: Revenues Beat Expectations, EPS Lags

Maire (BIT:MAIRE) Third Quarter 2024 Results

Key Financial Results

• Revenue: €1.52b (up 36% from 3Q 2023).
• Net income: €46.7m (up 53% from 3Q 2023).
• Profit margin: 3.1% (up from 2.7% in 3Q 2023). The increase in margin was driven by higher revenue.
• EPS: €0.14 (up from €0.093 in 3Q 2023).

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

Maire Revenues Beat Expectations, EPS Falls Short

Revenue exceeded analyst estimates by 1.8%. Earnings per share (EPS) missed analyst estimates by 12%.

Looking ahead, revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Construction industry in Italy.

Performance of the Italian Construction industry.

The company's shares are down 5.8% from a week ago.

Risk Analysis

What about risks? Every company has them, and we've spotted 1 warning sign for Maire you should know about.

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