Stock Analysis

Corticeira Amorim S.G.P.S First Quarter 2024 Earnings: EPS: €0.12 (vs €0.18 in 1Q 2023)

Simply Wall St

May 13, 2024

Corticeira Amorim S.G.P.S (ELI:COR) First Quarter 2024 Results

Key Financial Results

Revenue: €234.7m (down 9.7% from 1Q 2023).
Net income: €16.1m (down 32% from 1Q 2023).
Profit margin: 6.9% (down from 9.1% in 1Q 2023). The decrease in margin was driven by lower revenue.
EPS: €0.12 (down from €0.18 in 1Q 2023).

earnings-and-revenue-growth — ENXTLS:COR Earnings and Revenue Growth May 13th 2024

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

Corticeira Amorim S.G.P.S Earnings Insights

Looking ahead, revenue is forecast to grow 5.0% p.a. on average during the next 3 years, compared to a 3.5% growth forecast for the Packaging industry in Europe.

Performance of the market in Portugal.

The company's shares are up 1.4% from a week ago.

Balance Sheet Analysis

Just as investors must consider earnings, it is also important to take into account the strength of a company's balance sheet. See our latest analysis on Corticeira Amorim S.G.P.S' balance sheet health.

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Find out whether Corticeira Amorim S.G.P.S is potentially over or undervalued by checking out our comprehensive analysis, which includes fair value estimates, risks and warnings, dividends, insider transactions and financial health.

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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.