Banco Comercial Português Third Quarter 2024 Earnings: Beats Expectations

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

Key Financial Results

• Revenue: €857.9m (flat on 3Q 2023).
• Net income: €228.5m (flat on 3Q 2023).
• Profit margin: 27% (in line with 3Q 2023).
• EPS: €0.015 (in line with 3Q 2023).

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

Banco Comercial Português Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 3.8%. Earnings per share (EPS) also surpassed analyst estimates by 2.0%.

Looking ahead, revenue is forecast to grow 2.6% p.a. on average during the next 3 years, compared to a 3.0% growth forecast for the Banks industry in Europe.

Performance of the market in Portugal.

The company's shares are up 1.4% 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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