Stock Analysis
Netcompany Group Second Quarter 2024 Earnings: Revenues Beat Expectations, EPS In Line
Netcompany Group (CPH:NETC) Second Quarter 2024 Results
Key Financial Results
- Revenue: kr.1.65b (up 11% from 2Q 2023).
- Net income: kr.120.0m (up 118% from 2Q 2023).
- Profit margin: 7.3% (up from 3.7% in 2Q 2023). The increase in margin was driven by higher revenue.
- EPS: kr.2.46 (up from kr.1.11 in 2Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Netcompany Group Revenues Beat Expectations
Revenue exceeded analyst estimates by 1.1%. Earnings per share (EPS) was mostly in line with analyst estimates.
Looking ahead, revenue is forecast to grow 9.6% p.a. on average during the next 3 years, compared to a 5.9% growth forecast for the IT industry in Europe.
Performance of the market in Denmark.
The company's shares are up 7.4% from a week ago.
Risk Analysis
What about risks? Every company has them, and we've spotted 1 warning sign for Netcompany Group you should know about.
Valuation is complex, but we're here to simplify it.
Discover if Netcompany Group might be undervalued or overvalued with our detailed analysis, featuring fair value estimates, potential risks, dividends, insider trades, and its financial condition.
Access Free AnalysisHave feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
This article by Simply Wall St is general in nature. We provide commentary 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. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
About CPSE:NETC
Netcompany Group
An IT services company, delivers business critical IT solutions to public and private sector customers in Denmark, Norway, the United Kingdom, the Netherlands, Belgium, Luxembourg, Greece, and internationally.