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

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).

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.

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