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Pirelli & C (BIT:PIRC) Third Quarter 2022 Results
Key Financial Results
- Revenue: €1.95b (up 29% from 3Q 2021).
- Net income: €117.0m (up 16% from 3Q 2021).
- Profit margin: 6.0% (down from 6.7% in 3Q 2021). The decrease in margin was driven by higher expenses.
- EPS: €0.12 (up from €0.10 in 3Q 2021).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Pirelli & C Revenues and Earnings Beat Expectations
Revenue exceeded analyst estimates by 5.9%. Earnings per share (EPS) also surpassed analyst estimates by 9.1%.
Looking ahead, revenue is forecast to grow 2.7% p.a. on average during the next 3 years, compared to a 3.6% growth forecast for the Auto Components industry in Italy.
Performance of the Italian Auto Components industry.
The company’s shares are up 6.5% from a week ago.
Risk Analysis
What about risks? Every company has them, and we’ve spotted 3 warning signs for Pirelli & C you should know about.
Valuation is complex, but we’re helping make it simple.
Find out whether Pirelli & C is potentially over or undervalued by checking out our comprehensive analysis, which includes fair value estimates, risks and warnings, dividends, insider transactions and financial health.
View the Free Analysis
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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.
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