Deutsche Post earnings miss, Revenue beats in Q1

  • Investing.com
Deutsche Post earnings miss, Revenue beats in Q1
Credit: © Reuters.

Investing.com - Deutsche Post (DE: DPWGn ) reported on Tuesday first quarter earnings that missed analysts' forecasts and revenue that topped expectations.

Deutsche Post announced earnings per share of €0.24 on revenue of €15.49B. Analysts polled by Investing.com anticipated EPS of €0.39 on revenue of €15.4B. That with comparison to EPS of €0.6 on revenue of €15.35B in the same period a year before.Deutsche Post had reported EPS of €0.7 on revenue of €16.96B in the previous quarter.Analysts are expecting EPS of €0.42 and revenue of €14.85B in the upcoming quarter.

Deutsche Post shares are down 18% from the beginning of the year and are trading at €27.705 , down-from-52-week-high.They are broadly in line with the STOXX 600 which is down 18.23% year to date.

Deutsche Post follows other major Services sector earnings this month

Deutsche Post's report follows an earnings matched by Vonovia on Tuesday, May 5, 2020, who reported EPS of €0.6 on revenue of €564M, compared to forecasts EPS of €0.6 on revenue of €556.78M.

Zalando SE had missed expectations on Thursday, May 7, 2020 with first quarter EPS of €-0.35 on revenue of €1.52B, compared to forecast for EPS of €-0.23 on revenue of €1.51B.

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