NatWest Group (LON:NWG) Third Quarter 2024 Results

Key Financial Results

• Revenue: UK￡3.50b (up 7.4% from 3Q 2023).

• Net income: UK￡1.17b (up 31% from 3Q 2023).

• Profit margin: 34% (up from 28% in 3Q 2023). The increase in margin was primarily driven by higher revenue.

• EPS: UK￡0.14 (up from UK￡0.10 in 3Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

NatWest Group Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 4.6%. Earnings per share (EPS) also surpassed analyst estimates by 23%.

Looking ahead, revenue is forecast to grow 4.0% p.a. on average during the next 3 years, compared to a 4.3% growth forecast for the Banks industry in the United Kingdom.

Performance of the British Banks industry.

The company's shares are up 1.6% from a week ago.

Risk Analysis

What about risks? Every company has them, and we've spotted 2 warning signs for NatWest Group (of which 1 is significant!) you should know about.

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