In This Article:
LEG Immobilien (ETR:LEG) Second Quarter 2024 Results
Key Financial Results
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Revenue: €328.7m (down 3.4% from 2Q 2023).
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Net loss: €143.9m (loss narrowed by 87% from 2Q 2023).
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€1.94 loss per share (improved from €15.18 loss in 2Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
LEG Immobilien EPS Beats Expectations
Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 62%.
Looking ahead, revenue is expected to fall by 16% p.a. on average during the next 3 years compared to a 16% decline forecast for the Real Estate industry in Germany.
Performance of the German Real Estate industry.
The company's share price is broadly unchanged from a week ago.
Risk Analysis
We don't want to rain on the parade too much, but we did also find 2 warning signs for LEG Immobilien (1 can't be ignored!) that you need to be mindful of.
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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.