NatWest Group (LON:NWG) Q1 2024 Results
Main financial results
-
Revenue: GBP 3.38 billion (-11% compared to Q1 2023).
-
Net profit: GBP 922 million (-26% compared to Q1 2023).
-
Margin: 27% (down from 33% in Q1 2023). The decrease in margin was due to a decrease in revenue.
-
EPS: GBP 0.10 (down from GBP 0.13 in Q1 2023).
All numbers shown in the chart above are for the trailing 12 month (TTM) period.
NatWest Group's sales and profits exceeded expectations
Sales exceeded analysts' expectations by 3.5%. Earnings per share (EPS) also exceeded analyst estimates by 8.8%.
Looking ahead, revenues are expected to increase by an average of 2.5% per year over the next three years, compared to a growth forecast of 3.7% for the UK banking industry.
performance of UK banking industry.
The company's stock price has increased 11% from a week ago.
risk analysis
The ever-present concern of investment risk must be taken into account. We've identified 2 warning signs for you NatWest Group affiliations (at least one is important) and understanding them should be part of your investment process.
Have feedback on this article? Curious about its content? contact Please contact us directly. Alternatively, email our editorial team at Simplywallst.com.
This article by Simply Wall St is general in nature. We provide commentary using only unbiased methodologies, based on historical data and analyst forecasts, and articles are not intended to be financial advice. This is not a recommendation to buy or sell any stock, and does not take into account your objectives or financial situation. We aim to provide long-term, focused analysis based on fundamental data. Note that our analysis may not factor in the latest announcements or qualitative material from price-sensitive companies. Simply Wall St has no position in any stocks mentioned.
