Equita Group Third Quarter 2024 Earnings: EPS: €0.036 (vs €0.033 in 3Q 2023)

Equita Group (BIT:EQUI) Third Quarter 2024 Results

Key Financial Results

• Revenue: €16.4m (down 12% from 3Q 2023).
• Net income: €1.77m (up 3.4% from 3Q 2023).
• Profit margin: 11% (up from 9.1% in 3Q 2023). The increase in margin was driven by lower expenses.
• EPS: €0.036 (up from €0.033 in 3Q 2023).

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

Equita Group Earnings Insights

Looking ahead, revenue is forecast to grow 9.8% p.a. on average during the next 3 years, while revenues in the Capital Markets industry in Italy are expected to remain flat.

Performance of the Italian Capital Markets industry.

The company's shares are down 1.9% from a week ago.

Risk Analysis

It is worth noting though that we have found 2 warning signs for Equita Group (1 is concerning!) that you need to take into consideration.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.

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.