J.Martins earnings inline, Revenue beats in Q1

  • Investing.com
J.Martins earnings inline, Revenue beats in Q1

Investing.com - J.Martins reported on Thursday first quarter earnings that matched analysts' forecasts and revenue that topped expectations.

J.Martins announced earnings per share of €0.1 on revenue of €4.72B. Analysts polled by Investing.com anticipated EPS of €0.1 on revenue of €4.68B. That with comparison to EPS of €0.12 on revenue of €4.2B in the same period a year before.J.Martins had reported EPS of €0.22 on revenue of €4.98B in the previous quarter.Analysts are expecting EPS of €0.17 and revenue of €4.85B in the upcoming quarter.

J.Martins shares are down 7% from the beginning of the year and are trading at €13.50 , down-from-52-week-high.They are outperforming the PSI 20 which is down 24.49% year to date.

J.Martins shares lost 14.04% in intra-day trade the report.

J.Martins follows other major Services sector earnings this month

J.Martins's report follows an earnings matched by Nos SGPS SA on Wednesday, May 6, 2020, who reported EPS of €0.07 on revenue of €345.4M, compared to forecasts EPS of €0.07 on revenue of €356.36M.

CTT Correios de Portugal SA had missed expectations on Wednesday, May 6, 2020 with first quarter EPS of €0.02 on revenue of €180M, compared to forecast for EPS of €0.05 on revenue of €188M.

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