Randstad Third Quarter 2024 Earnings: EPS Beats Expectations

Randstad (AMS:RAND) Third Quarter 2024 Results

Key Financial Results

• Revenue: €6.02b (down 3.9% from 3Q 2023).
• Net income: €104.0m (down 38% from 3Q 2023).
• Profit margin: 1.7% (down from 2.7% in 3Q 2023). The decrease in margin was driven by lower revenue.
• EPS: €0.59 (down from €0.93 in 3Q 2023).

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

Randstad EPS Beats Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 11%.

Looking ahead, revenue is forecast to grow 3.8% p.a. on average during the next 3 years, compared to a 4.6% growth forecast for the Professional Services industry in the Netherlands.

Performance of the Dutch Professional Services industry.

The company's shares are down 3.9% from a week ago.

Risk Analysis

Before we wrap up, we've discovered 2 warning signs for Randstad that you should be aware of.

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