Poste Italiane Third Quarter 2024 Earnings: EPS Beats Expectations

Simply Wall St

November 16, 2024

Poste Italiane (BIT:PST) Third Quarter 2024 Results

Key Financial Results

Revenue: €3.24b (up 8.3% from 3Q 2023).
Net income: €565.0m (up 49% from 3Q 2023).
Profit margin: 17% (up from 13% in 3Q 2023). The increase in margin was driven by higher revenue.
EPS: €0.44 (up from €0.29 in 3Q 2023).

earnings-and-revenue-growth — BIT:PST Earnings and Revenue Growth November 16th 2024

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

Poste Italiane EPS Beats Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 12%.

Looking ahead, revenue is forecast to stay flat during the next 3 years compared to a 5.1% growth forecast for the Insurance industry in Europe.

Performance of the market in Italy.

The company's share price is broadly unchanged from a week ago.

Risk Analysis

Don't forget that there may still be risks. For instance, we've identified 1 warning sign for Poste Italiane that you should be aware of.

New: Manage All Your Stock Portfolios in One Place

We've created the ultimate portfolio companion for stock investors, and it's free.

• Connect an unlimited number of Portfolios and see your total in one currency
• Be alerted to new Warning Signs or Risks via email or mobile
• Track the Fair Value of your stocks

Try a Demo Portfolio for Free

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.