Yahoo Finance HOCHTIEF First Quarter 2024 Earnings: Beats Expectations
HOCHTIEF (ETR:HOT) First Quarter 2024 Results
Key Financial Results
Revenue: €6.78b (up 9.6% from 1Q 2023).
Net income: €132.8m (up 4.2% from 1Q 2023).
Profit margin: 2.0% (down from 2.1% in 1Q 2023). The decrease in margin was driven by higher expenses.
EPS: €1.77 (up from €1.70 in 1Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
HOCHTIEF Revenues and Earnings Beat Expectations
Revenue exceeded analyst estimates by 3.0%. Earnings per share (EPS) also surpassed analyst estimates by 14%.
Looking ahead, revenue is forecast to grow 5.0% p.a. on average during the next 3 years, compared to a 4.3% growth forecast for the Construction industry in Europe.
Performance of the market in Germany.
The company's shares are up 3.3% from a week ago.
Risk Analysis
Be aware that HOCHTIEF is showing 1 warning sign in our investment analysis that you should know about...
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