Stock Analysis
- Finland
- /
- Metals and Mining
- /
- HLSE:OUT1V
Outokumpu Oyj First Quarter 2024 Earnings: Revenues Beat Expectations, EPS Lags
Outokumpu Oyj (HEL:OUT1V) First Quarter 2024 Results
Key Financial Results
- Revenue: €1.48b (down 26% from 1Q 2023).
- Net loss: €23.0m (down by 124% from €97.0m profit in 1Q 2023).
- €0.05 loss per share (down from €0.22 profit in 1Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Outokumpu Oyj Revenues Beat Expectations, EPS Falls Short
Revenue exceeded analyst estimates by 1.2%. Earnings per share (EPS) missed analyst estimates by 67%.
Looking ahead, revenue is forecast to grow 3.5% p.a. on average during the next 3 years, compared to a 1.6% growth forecast for the Metals and Mining industry in Europe.
Performance of the market in Finland.
The company's shares are down 3.2% from a week ago.
Risk Analysis
You still need to take note of risks, for example - Outokumpu Oyj has 1 warning sign we think you should be aware of.
Valuation is complex, but we're helping make it simple.
Find out whether Outokumpu 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:OUT1V
Outokumpu Oyj
Produces and sells various stainless steel products in Finland, other European countries, North America, the Asia-Pacific, and internationally.
Undervalued with excellent balance sheet.