Organization of Football Prognostics Third Quarter 2023 Earnings: EPS Beats Expectations

Simply Wall St

November 24, 2023

Organization of Football Prognostics (ATH:OPAP) Third Quarter 2023 Results

Key Financial Results

Revenue: €328.3m (down 3.5% from 3Q 2022).
Net income: €83.3m (down 30% from 3Q 2022).
Profit margin: 25% (down from 35% in 3Q 2022).
EPS: €0.23 (down from €0.33 in 3Q 2022).

earnings-and-revenue-growth — ATSE:OPAP Earnings and Revenue Growth November 24th 2023

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

Organization of Football Prognostics EPS Beats Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 2.8%.

Looking ahead, revenue is forecast to grow 24% p.a. on average during the next 3 years, compared to a 8.2% growth forecast for the Hospitality industry in Europe.

Performance of the market in Greece.

The company's shares are down 3.3% from a week ago.

Risk Analysis

It's necessary to consider the ever-present spectre of investment risk. We've identified 3 warning signs with Organization of Football Prognostics (at least 1 which doesn't sit too well with us), and understanding them should be part of your investment process.

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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.