TUI Third Quarter 2024 Earnings: Revenues Beat Expectations, EPS Lags
TUI (ETR:TUI1) Third Quarter 2024 Results
Key Financial Results
Revenue: €5.79b (up 9.5% from 3Q 2023).
Net income: €52.4m (up 132% from 3Q 2023).
Profit margin: 0.9% (up from 0.4% in 3Q 2023). The increase in margin was driven by higher revenue.
EPS: €0.10 (up from €0.07 in 3Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
TUI Revenues Beat Expectations, EPS Falls Short
Revenue exceeded analyst estimates by 1.3%. Earnings per share (EPS) missed analyst estimates by 10%.
Looking ahead, revenue is forecast to grow 3.3% p.a. on average during the next 3 years, compared to a 9.5% growth forecast for the Hospitality industry in Germany.
Performance of the German Hospitality industry.
The company's shares are up 7.6% 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. We have a graphic representation of TUI's balance sheet and an in-depth analysis of the company's financial position.
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