Stock Analysis
- Netherlands
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- Professional Services
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- ENXTAM:RAND
Randstad First Quarter 2024 Earnings: EPS Misses Expectations
Randstad (AMS:RAND) First Quarter 2024 Results
Key Financial Results
- Revenue: €5.94b (down 8.9% from 1Q 2023).
- Net income: €86.0m (down 43% from 1Q 2023).
- Profit margin: 1.4% (down from 2.3% in 1Q 2023). The decrease in margin was driven by lower revenue.
- EPS: €0.48 (down from €0.83 in 1Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Randstad EPS Misses Expectations
Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 3.3%.
Looking ahead, revenue is forecast to grow 3.1% p.a. on average during the next 3 years, compared to a 4.9% growth forecast for the Professional Services industry in the Netherlands.
Performance of the Dutch Professional Services industry.
The company's shares are down 1.3% from a week ago.
Risk Analysis
You should always think about risks. Case in point, we've spotted 2 warning signs for Randstad you should be aware of.
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About ENXTAM:RAND
Randstad
Randstad N.V. provides solutions in the field of work and human resources (HR) services.
Flawless balance sheet, undervalued and pays a dividend.