Continental First Quarter 2024 Earnings: Misses Expectations
Continental (ETR:CON) First Quarter 2024 Results
Key Financial Results
Revenue: €9.79b (down 5.0% from 1Q 2023).
Net loss: €53.0m (down by 114% from €382.0m profit in 1Q 2023).
€0.27 loss per share (down from €1.91 profit in 1Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Continental Revenues and Earnings Miss Expectations
Revenue missed analyst estimates by 1.6%. Earnings per share (EPS) was also behind analyst expectations.
Looking ahead, revenue is forecast to grow 3.9% p.a. on average during the next 3 years, compared to a 5.6% growth forecast for the Auto Components industry in Germany.
Performance of the German Auto Components industry.
The company's shares are down 1.1% from a week ago.
Risk Analysis
Don't forget that there may still be risks. For instance, we've identified 1 warning sign for Continental that you should be aware of.
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