Stock Analysis
Ponsse Oyj First Quarter 2024 Earnings: Misses Expectations
Ponsse Oyj (HEL:PON1V) First Quarter 2024 Results
Key Financial Results
- Revenue: €171.3m (down 15% from 1Q 2023).
- Net loss: €3.44m (down by 125% from €14.0m profit in 1Q 2023).
- €0.12 loss per share (down from €0.50 profit in 1Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Ponsse Oyj Revenues and Earnings Miss Expectations
Revenue missed analyst estimates by 5.2%. Earnings per share (EPS) was also behind analyst expectations.
Looking ahead, revenue is forecast to grow 5.8% p.a. on average during the next 3 years, compared to a 3.4% growth forecast for the Machinery industry in Finland.
Performance of the Finnish Machinery industry.
The company's shares are up 1.3% from a week ago.
Risk Analysis
We should say that we've discovered 1 warning sign for Ponsse Oyj that you should be aware of before investing here.
Valuation is complex, but we're helping make it simple.
Find out whether Ponsse Oyj is potentially over or undervalued by checking out our comprehensive analysis, which includes fair value estimates, risks and warnings, dividends, insider transactions and financial health.
View the 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 HLSE:PON1V
Ponsse Oyj
Ponsse Oyj operates as manufacturer of cut-to-length forest machines in Northern Europe, Central and Southern Europe, North and South America, and internationally.
Flawless balance sheet with reasonable growth potential.