Banco Comercial Português First Quarter 2024 Earnings: EPS Beats Expectations

Banco Comercial Português (ELI:BCP) First Quarter 2024 Results

Key Financial Results

• Revenue: €787.5m (down 13% from 1Q 2023).
• Net income: €225.1m (up 8.8% from 1Q 2023).
• Profit margin: 29% (up from 23% in 1Q 2023).
• EPS: €0.015 (up from €0.014 in 1Q 2023).

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

Banco Comercial Português EPS Beats Expectations

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

Looking ahead, revenue is forecast to stay flat during the next 3 years compared to a 3.2% growth forecast for the Banks industry in Europe.

Performance of the market in Portugal.

The company's shares are up 2.2% from a week ago.

Risk Analysis

Be aware that Banco Comercial Português is showing 2 warning signs in our investment analysis that you should know about...

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