IRCE (BIT:IRC) Third Quarter 2024 Results
Key Financial Results
- Revenue: €98.2m (up 6.0% from 3Q 2023).
- Net income: €2.27m (up 41% from 3Q 2023).
- Profit margin: 2.3% (up from 1.7% in 3Q 2023). The increase in margin was driven by higher revenue.
- EPS: €0.086 (up from €0.061 in 3Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
IRCE Earnings Insights
Looking ahead, revenue is forecast to grow 11% p.a. on average during the next 2 years, compared to a 8.9% growth forecast for the Electrical industry in Italy.
Performance of the Italian Electrical industry.
The company's shares are up 1.8% from a week ago.
Risk Analysis
Before you take the next step you should know about the 2 warning signs for IRCE that we have uncovered.
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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 BIT:IRC
IRCE
Engages in the manufacturing and selling of winding wires and electrical cables in Italy, rest of European Union, and internationally.
Flawless balance sheet with reasonable growth potential.
