Advertisement
Singapore markets open in 5 hours 41 minutes
  • Straits Times Index

    3,297.55
    -26.98 (-0.81%)
     
  • S&P 500

    5,487.51
    +55.91 (+1.03%)
     
  • Dow

    38,806.84
    +217.68 (+0.56%)
     
  • Nasdaq

    17,926.62
    +237.74 (+1.34%)
     
  • Bitcoin USD

    66,746.64
    +170.52 (+0.26%)
     
  • CMC Crypto 200

    1,398.35
    +10.19 (+0.73%)
     
  • FTSE 100

    8,142.15
    -4.71 (-0.06%)
     
  • Gold

    2,333.30
    -15.80 (-0.67%)
     
  • Crude Oil

    80.46
    +2.01 (+2.56%)
     
  • 10-Yr Bond

    4.2790
    +0.0660 (+1.57%)
     
  • Nikkei

    38,102.44
    -712.12 (-1.83%)
     
  • Hang Seng

    17,936.12
    -5.66 (-0.03%)
     
  • FTSE Bursa Malaysia

    1,607.32
    -2.85 (-0.18%)
     
  • Jakarta Composite Index

    6,734.83
    -96.73 (-1.42%)
     
  • PSE Index

    6,383.70
    -7.13 (-0.11%)
     

Airtel Africa Third Quarter 2024 Earnings: Misses Expectations

Airtel Africa (LON:AAF) Third Quarter 2024 Results

Key Financial Results

  • Revenue: US$1.24b (down 8.4% from 3Q 2023).

  • Net loss: US$6.00m (down by 103% from US$172.0m profit in 3Q 2023).

  • US$0.002 loss per share (down from US$0.046 profit in 3Q 2023).

earnings-and-revenue-growth
earnings-and-revenue-growth

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

Airtel Africa Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 4.0%. Earnings per share (EPS) was also behind analyst expectations.

Looking ahead, revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 2.1% growth forecast for the Wireless Telecom industry in Europe.

ADVERTISEMENT

Performance of the market in the United Kingdom.

The company's shares are down 11% from a week ago.

Risk Analysis

It is worth noting though that we have found 3 warning signs for Airtel Africa that you need to take into consideration.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.

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.