Tecnotree Oyj Second Quarter 2024 Earnings: Misses Expectations
Tecnotree Oyj (HEL:TEM1V) Second Quarter 2024 Results
Key Financial Results
- Revenue: €18.7m (down 3.1% from 2Q 2023).
- Net income: €3.70m (flat on 2Q 2023).
- Profit margin: 20% (in line with 2Q 2023).
- EPS: €0.12 (down from €0.23 in 2Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Tecnotree Oyj Revenues and Earnings Miss Expectations
Revenue missed analyst estimates by 7.9%. Earnings per share (EPS) also missed analyst estimates by 54%.
Looking ahead, revenue is forecast to grow 5.1% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Software industry in Finland.
Performance of the Finnish Software industry.
The company's shares are up 5.7% from a week ago.
Risk Analysis
Before you take the next step you should know about the 3 warning signs for Tecnotree Oyj (1 is a bit unpleasant!) that we have uncovered.
Valuation is complex, but we're here to simplify it.
Discover if Tecnotree Oyj might be undervalued or overvalued with our detailed analysis, featuring fair value estimates, potential risks, dividends, insider trades, and its financial condition.
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About HLSE:TEM1V
Tecnotree Oyj
Supplies telecommunication IT solutions for charging, billing, customer care, and messaging and content services in Europe, the Americas, the Middle East, Africa, and the Asia Pacific.
Undervalued with excellent balance sheet.