Outokumpu Oyj Second Quarter 2024 Earnings: EPS Beats Expectations, Revenues Lag

Outokumpu Oyj (HEL:OUT1V) Second Quarter 2024 Results

Key Financial Results

• Revenue: €1.54b (down 19% from 2Q 2023).
• Net loss: €5.00m (down by 106% from €89.0m profit in 2Q 2023).
• €0.01 loss per share (down from €0.20 profit in 2Q 2023).

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

Outokumpu Oyj EPS Beats Expectations, Revenues Fall Short

Revenue missed analyst estimates by 9.9%. Earnings per share (EPS) exceeded analyst estimates by 40%.

Looking ahead, revenue is forecast to grow 6.9% p.a. on average during the next 3 years, compared to a 1.8% growth forecast for the Metals and Mining industry in Europe.

Performance of the market in Finland.

The company's share price is broadly unchanged from a week ago.

Risk Analysis

What about risks? Every company has them, and we've spotted 1 warning sign for Outokumpu Oyj you should know about.

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