Digia Oyj Second Quarter 2024 Earnings: Revenues Beat Expectations, EPS Lags
Digia Oyj (HEL:DIGIA) Second Quarter 2024 Results
Key Financial Results
- Revenue: €52.1m (up 8.8% from 2Q 2023).
- Net income: €2.46m (up 32% from 2Q 2023).
- Profit margin: 4.7% (up from 3.9% in 2Q 2023). The increase in margin was driven by higher revenue.
- EPS: €0.09 (up from €0.07 in 2Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Digia Oyj Revenues Beat Expectations, EPS Falls Short
Revenue exceeded analyst estimates by 1.7%. Earnings per share (EPS) missed analyst estimates by 18%.
Looking ahead, revenue is forecast to grow 3.1% p.a. on average during the next 3 years, compared to a 3.6% growth forecast for the IT industry in Finland.
Performance of the Finnish IT industry.
The company's shares are up 3.3% from a week ago.
Risk Analysis
We should say that we've discovered 1 warning sign for Digia Oyj that you should be aware of before investing here.
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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:DIGIA
Digia Oyj
Operates as a software and service company in Finland, Sweden, and internationally.
Undervalued with solid track record.
