Stock Analysis

Aspocomp Group Oyj Third Quarter 2024 Earnings: Misses Expectations

Published
HLSE:ACG1V

Aspocomp Group Oyj (HEL:ACG1V) Third Quarter 2024 Results

Key Financial Results

  • Revenue: €6.37m (down 21% from 3Q 2023).
  • Net loss: €1.35m (loss widened by 73% from 3Q 2023).
  • €0.20 loss per share (further deteriorated from €0.11 loss in 3Q 2023).
HLSE:ACG1V Earnings and Revenue History October 24th 2024

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

Aspocomp Group Oyj Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 16%. Earnings per share (EPS) also missed analyst estimates by 100%.

Looking ahead, revenue is forecast to grow 18% p.a. on average during the next 3 years, compared to a 7.2% growth forecast for the Electronic industry in Finland.

Performance of the Finnish Electronic industry.

The company's shares are up 15% from a week ago.

Risk Analysis

What about risks? Every company has them, and we've spotted 2 warning signs for Aspocomp Group Oyj you should know about.

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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.