Jerónimo Martins SGPS Second Quarter 2024 Earnings: EPS Misses Expectations

Jerónimo Martins SGPS (ELI:JMT) Second Quarter 2024 Results

Key Financial Results

• Revenue: €8.23b (up 6.8% from 2Q 2023).
• Net income: €156.0m (down 28% from 2Q 2023).
• Profit margin: 1.9% (down from 2.8% in 2Q 2023). The decrease in margin was driven by higher expenses.
• EPS: €0.25 (down from €0.34 in 2Q 2023).

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

Jerónimo Martins SGPS EPS Misses Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 2.4%.

Looking ahead, revenue is forecast to grow 6.9% p.a. on average during the next 3 years, compared to a 4.2% growth forecast for the Consumer Retailing industry in Europe.

Performance of the market in Portugal.

The company's shares are down 21% from a week ago.

Risk Analysis

What about risks? Every company has them, and we've spotted 2 warning signs for Jerónimo Martins SGPS you should know about.

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