Eezy Oyj Third Quarter 2023 Earnings: Misses Expectations

Eezy Oyj (HEL:EEZY) Third Quarter 2023 Results

Key Financial Results

• Revenue: €56.0m (down 17% from 3Q 2022).
• Net income: €1.31m (down 61% from 3Q 2022).
• Profit margin: 2.3% (down from 5.0% in 3Q 2022). The decrease in margin was driven by lower revenue.
• EPS: €0.05 (down from €0.14 in 3Q 2022).

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

Eezy Oyj Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 8.1%. Earnings per share (EPS) also missed analyst estimates by 44%.

Looking ahead, revenue is forecast to grow 1.5% p.a. on average during the next 3 years, compared to a 5.5% growth forecast for the Professional Services industry in Finland.

Performance of the Finnish Professional Services industry.

The company's shares are down 11% from a week ago.

Risk Analysis

It is worth noting though that we have found 4 warning signs for Eezy Oyj that you need to take into consideration.

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.