Stock Analysis
- Poland
- /
- Real Estate
- /
- WSE:GTC
Globe Trade Centre Second Quarter 2024 Earnings: EPS: €0.04 (vs €0.042 loss in 2Q 2023)
Globe Trade Centre (WSE:GTC) Second Quarter 2024 Results
Key Financial Results
- Revenue: €46.9m (down 3.7% from 2Q 2023).
- Net income: €21.2m (up from €24.3m loss in 2Q 2023).
- Profit margin: 45% (up from net loss in 2Q 2023). The move to profitability was driven by lower expenses.
- EPS: €0.04 (up from €0.042 loss in 2Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Globe Trade Centre Earnings Insights
Looking ahead, revenue is forecast to grow 2.0% p.a. on average during the next 3 years, compared to a 9.7% growth forecast for the Real Estate industry in Poland.
Performance of the Polish Real Estate industry.
The company's share price is broadly unchanged from a week ago.
Valuation
It's possible that Globe Trade Centre could be undervalued with our 6-factor valuation analysis indicating a potential opportunity. Discover what analysts are forecasting and how the current share price shapes up by clicking here.
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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 WSE:GTC
Globe Trade Centre
A real estate developer and investor company, engages in the development, management, and rental of office and retail space properties.