Stock Analysis
Poste Italiane Second Quarter 2024 Earnings: Beats Expectations
Poste Italiane (BIT:PST) Second Quarter 2024 Results
Key Financial Results
- Revenue: €3.35b (up 7.1% from 2Q 2023).
- Net income: €519.0m (down 13% from 2Q 2023).
- Profit margin: 16% (down from 19% in 2Q 2023). The decrease in margin was driven by higher expenses.
- EPS: €0.40 (down from €0.46 in 2Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Poste Italiane Revenues and Earnings Beat Expectations
Revenue exceeded analyst estimates by 3.6%. Earnings per share (EPS) also surpassed analyst estimates by 6.4%.
Looking ahead, revenue is forecast to stay flat during the next 3 years compared to a 6.2% growth forecast for the Insurance industry in Europe.
Performance of the market in Italy.
The company's shares are up 3.9% from a week ago.
Risk Analysis
What about risks? Every company has them, and we've spotted 2 warning signs for Poste Italiane (of which 1 is a bit concerning!) you should know about.
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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.
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About BIT:PST
Poste Italiane
Provides postal, logistics, and financial and insurance products and services in Italy.