Stock Analysis
Prysmian (BIT:PRY) Third Quarter 2024 Results
Key Financial Results
- Revenue: €4.52b (up 18% from 3Q 2023).
- Net income: €217.0m (up 28% from 3Q 2023).
- Profit margin: 4.8% (up from 4.4% in 3Q 2023).
- EPS: €0.77 (up from €0.63 in 3Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Prysmian EPS Misses Expectations
Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 19%.
Looking ahead, revenue is forecast to grow 8.7% p.a. on average during the next 3 years, compared to a 8.9% growth forecast for the Electrical industry in Italy.
Performance of the Italian Electrical industry.
The company's shares are down 5.0% from a week ago.
Risk Analysis
Before we wrap up, we've discovered 3 warning signs for Prysmian that 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.
About BIT:PRY
Prysmian
Produces, distributes, and sells power and telecom cables and systems, and related accessories under the Prysmian, Draka, and General Cable brands worldwide.
