Metso Oyj Second Quarter 2024 Earnings: Misses Expectations

Metso Oyj (HEL:METSO) Second Quarter 2024 Results

Key Financial Results

• Revenue: €1.21b (down 13% from 2Q 2023).
• Net income: €133.0m (down 9.5% from 2Q 2023).
• Profit margin: 11% (in line with 2Q 2023).
• EPS: €0.17 (down from €0.18 in 2Q 2023).

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

Metso Oyj Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 7.9%. Earnings per share (EPS) also missed analyst estimates by 6.4%.

Looking ahead, revenue is forecast to grow 4.3% p.a. on average during the next 3 years, compared to a 3.1% growth forecast for the Machinery industry in Finland.

Performance of the Finnish Machinery industry.

The company's shares are down 8.3% from a week ago.

Valuation

Our analysis of Metso Oyj based on 6 different valuation metrics shows it might be undervalued. You can access our in-depth analysis and discover what the outlook is like for the stock by clicking 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.

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