Kuehne + Nagel International Second Quarter 2023 Earnings: EPS Beats Expectations, Revenues Lag
Kuehne + Nagel International (VTX:KNIN) Second Quarter 2023 Results
Key Financial Results
Revenue: CHF5.97b (down 43% from 2Q 2022).
Net income: CHF400.0m (down 47% from 2Q 2022).
Profit margin: 6.7% (down from 7.2% in 2Q 2022). The decrease in margin was driven by lower revenue.
EPS: CHF3.37 (down from CHF6.33 in 2Q 2022).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Kuehne + Nagel International EPS Beats Expectations, Revenues Fall Short
Revenue missed analyst estimates by 9.1%. Earnings per share (EPS) exceeded analyst estimates by 15%.
Looking ahead, revenue is expected to fall by 3.9% p.a. on average during the next 3 years compared to a 9.1% decline forecast for the Shipping industry in Europe.
Performance of the market in Switzerland.
The company's shares are up 1.9% from a week ago.
Risk Analysis
You should learn about the 2 warning signs we've spotted with Kuehne + Nagel International (including 1 which makes us a bit uncomfortable).
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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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