Stock Analysis

Banco Comercial Português Second Quarter 2024 Earnings: Revenues Beat Expectations, EPS Lags

ENXTLS:BCP
Source: Shutterstock

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

Key Financial Results

  • Revenue: €857.8m (up 12% from 2Q 2023).
  • Net income: €251.0m (up 40% from 2Q 2023).
  • Profit margin: 29% (up from 23% in 2Q 2023).
  • EPS: €0.017 (up from €0.012 in 2Q 2023).
earnings-and-revenue-growth
ENXTLS:BCP Earnings and Revenue Growth August 3rd 2024

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

Banco Comercial Português Revenues Beat Expectations, EPS Falls Short

Revenue exceeded analyst estimates by 2.4%. Earnings per share (EPS) missed analyst estimates by 83%.

Looking ahead, revenue is forecast to stay flat during the next 3 years compared to a 2.9% growth forecast for the Banks industry in Europe.

Performance of the market in Portugal.

The company's shares are down 6.9% from a week ago.

Risk Analysis

You should learn about the 2 warning signs we've spotted with Banco Comercial Português.

Valuation is complex, but we're here to simplify it.

Discover if Banco Comercial Português might be undervalued or overvalued with our detailed analysis, featuring fair value estimates, potential risks, dividends, insider trades, and its financial condition.

Access Free Analysis

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.