Stock Analysis
Nagarro (FRA:NA9) Full Year 2023 Results
Key Financial Results
- Revenue: €912.4m (up 6.5% from FY 2022).
- Net income: €52.1m (down 33% from FY 2022).
- Profit margin: 5.7% (down from 9.0% in FY 2022). The decrease in margin was driven by higher expenses.
- EPS: €3.87 (down from €5.63 in FY 2022).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Nagarro EPS Misses Expectations
Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 1.9%.
Looking ahead, revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 8.6% growth forecast for the IT industry in Germany.
Performance of the German IT industry.
The company's shares are down 6.2% from a week ago.
Risk Analysis
We should say that we've discovered 3 warning signs for Nagarro that you should be aware of before investing here.
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About DB:NA9
Nagarro
Nagarro SE, together with its subsidiaries, provides digital product engineering and technology solutions in North America, Central Europe, rest of Europe, and internationally.
Undervalued with reasonable growth potential.