Siemens Healthineers First Quarter 2023 Earnings: Misses Expectations
Siemens Healthineers (ETR:SHL) First Quarter 2023 Results
Key Financial Results
Revenue: €5.08b (flat on 1Q 2022).
Net income: €421.0m (down 9.7% from 1Q 2022).
Profit margin: 8.3% (down from 9.2% in 1Q 2022).
EPS: €0.38 (down from €0.41 in 1Q 2022).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Siemens Healthineers Revenues and Earnings Miss Expectations
Revenue missed analyst estimates by 3.6%. Earnings per share (EPS) also missed analyst estimates by 7.3%.
Looking ahead, revenue is forecast to grow 6.0% p.a. on average during the next 3 years, compared to a 6.3% growth forecast for the Medical Equipment industry in Germany.
Performance of the German Medical Equipment industry.
The company's shares are up 8.5% from a week ago.
You should always think about risks. Case in point, we've spotted 2 warning signs for Siemens Healthineers you should be aware of, and 1 of them is a bit unpleasant.
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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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