BioNTech Third Quarter 2024 Earnings: Beats Expectations

BioNTech (NASDAQ:BNTX) Third Quarter 2024 Results

Key Financial Results

• Revenue: €1.24b (up 39% from 3Q 2023).
• Net income: €198.1m (up 23% from 3Q 2023).
• Profit margin: 16% (down from 18% in 3Q 2023). The decrease in margin was driven by higher expenses.
• EPS: €0.82 (up from €0.67 in 3Q 2023).

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

BioNTech Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 141%. Earnings per share (EPS) also surpassed analyst estimates.

Looking ahead, revenue is forecast to grow 5.8% p.a. on average during the next 3 years, compared to a 21% growth forecast for the Biotechs industry in the US.

Performance of the American Biotechs industry.

The company's shares are down 3.8% from a week ago.

Balance Sheet Analysis

While earnings are important, another area to consider is the balance sheet. We've done some analysis and you can see our take on BioNTech's balance sheet.

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