Stock Analysis

SRV Yhtiöt Oyj Third Quarter 2024 Earnings: Revenues Beat Expectations, EPS Lags

Simply Wall St

Published October 25, 2024

SRV Yhtiöt Oyj (HEL:SRV1V) Third Quarter 2024 Results

Key Financial Results

Revenue: €183.8m (up 25% from 3Q 2023).
Net income: €1.00m (up from €6.60m loss in 3Q 2023).
Profit margin: 0.5% (up from net loss in 3Q 2023).
EPS: €0.04 (up from €0.51 loss in 3Q 2023).

HLSE:SRV1V Earnings and Revenue Growth October 25th 2024

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

SRV Yhtiöt Oyj Revenues Beat Expectations, EPS Falls Short

Revenue exceeded analyst estimates by 4.7%. Earnings per share (EPS) missed analyst estimates by 62%.

Looking ahead, revenue is forecast to grow 5.6% p.a. on average during the next 3 years, compared to a 4.7% growth forecast for the Construction industry in Europe.

Performance of the market in Finland.

The company's shares are up 1.9% from a week ago.

Risk Analysis

It's still necessary to consider the ever-present spectre of investment risk. We've identified 2 warning signs with SRV Yhtiöt Oyj, and understanding them should be part of your investment process.

New: Manage All Your Stock Portfolios in One Place

We've created the ultimate portfolio companion for stock investors, and it's free.

• Connect an unlimited number of Portfolios and see your total in one currency
• Be alerted to new Warning Signs or Risks via email or mobile
• Track the Fair Value of your stocks

Try a Demo Portfolio for Free

Have 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.