Wärtsilä Oyj Abp First Quarter 2024 Earnings: Misses Expectations

Wärtsilä Oyj Abp (HEL:WRT1V) First Quarter 2024 Results

Key Financial Results

• Revenue: €1.33b (down 9.1% from 1Q 2023).
• Net income: €85.0m (up 55% from 1Q 2023).
• Profit margin: 6.4% (up from 3.8% in 1Q 2023). The increase in margin was driven by lower expenses.
• EPS: €0.14 (up from €0.093 in 1Q 2023).

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

Wärtsilä Oyj Abp Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 18%. Earnings per share (EPS) also missed analyst estimates by 6.6%.

Looking ahead, revenue is forecast to grow 8.2% p.a. on average during the next 3 years, compared to a 3.6% growth forecast for the Machinery industry in Finland.

Performance of the Finnish Machinery industry.

The company's shares are up 14% from a week ago.

Valuation

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

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