Earnings Alerts

Groupe Eurotunnel SE (GET) Earnings: Q3 Revenue Surpasses Estimates with Strong Eurotunnel Performance

By October 17, 2024 No Comments
  • Getlink’s third-quarter revenue surpassed estimates, reaching €475 million, a slight decline of 0.4% year-over-year.
  • Eurotunnel revenue rose by 4.7% year-over-year to €359 million, exceeding the estimate of €343 million.
  • Europorte revenue increased by 5.3% year-over-year, matching the estimate with €40 million.
  • ElecLink revenue fell by 21% year-over-year to €76 million, surpassing the estimate of €73.7 million.
  • The target EBITDA for 2024 remains between €780 million and €830 million, with current estimates at €827 million.
  • The group reaffirms guidance based on the anticipated re-entry of ElecLink service in mid-November.
  • Analysts’ recommendations for Getlink include 13 buy ratings, 3 hold ratings, and 2 sell ratings.

A look at Groupe Eurotunnel Se Smart Scores

FactorScoreMagnitude
Value2
Dividend4
Growth5
Resilience2
Momentum4
OVERALL SMART SCORE3.4

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

Getlink S.E., which operates mobility infrastructures like cross-channel transport networks and tunnels, has received a mixed assessment based on the Smartkarma Smart Scores. While the company scored well in terms of Dividend and Growth with scores of 4 and 5 respectively, its Value and Resilience scores were rated lower at 2. The Momentum score stood at 4, indicating a positive trend in this aspect. This suggests a promising long-term outlook for Groupe Eurotunnel Se, particularly in terms of dividend payments and potential growth opportunities. Despite some concerns regarding its current value and resilience, the company’s momentum appears to be heading in a favorable direction.

In summary, Getlink S.E. provides transport support services primarily in France and the United Kingdom through its operation of various mobility infrastructures. The company’s Smartkarma Smart Scores for Groupe Eurotunnel Se highlight a strong performance in areas related to dividends and growth, signaling potential opportunities for investors looking towards the future. However, it is important to note that there are aspects such as value and resilience where the company may need to focus on improving to further enhance its overall outlook in the long run.


Disclaimer: This article by Smartkarma is general in nature and 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. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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