Stock Analysis

Cargotec Third Quarter 2024 Earnings: Revenues Beat Expectations, EPS Lags

HLSE:CGCBV
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Cargotec (HEL:CGCBV) Third Quarter 2024 Results

Key Financial Results

  • Revenue: €590.3m (down 46% from 3Q 2023).
  • Net income: €50.7m (down 53% from 3Q 2023).
  • Profit margin: 8.6% (down from 9.7% in 3Q 2023). The decrease in margin was driven by lower revenue.
  • EPS: €0.79 (down from €1.66 in 3Q 2023).
earnings-and-revenue-growth
HLSE:CGCBV Earnings and Revenue Growth October 24th 2024

All figures shown in the chart above are for the trailing 12 month (TTM) period

Cargotec Revenues Beat Expectations, EPS Falls Short

Revenue exceeded analyst estimates by 1.5%. Earnings per share (EPS) missed analyst estimates by 3.1%.

Looking ahead, revenue is expected to decline by 9.9% p.a. on average during the next 3 years, while revenues in the Machinery industry in Finland are expected to grow by 3.9%.

Performance of the Finnish Machinery industry.

The company's shares are up 8.9% from a week ago.

Risk Analysis

We should say that we've discovered 1 warning sign for Cargotec that you should be aware of before investing here.

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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.