Stock Analysis
TomTom (AMS:TOM2) First Quarter 2024 Results
Key Financial Results
- Revenue: €139.3m (down 1.0% from 1Q 2023).
- Net loss: €4.87m (down by 264% from €2.97m profit in 1Q 2023).
- €0.04 loss per share (down from €0.023 profit in 1Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
TomTom Revenues and Earnings Miss Expectations
Revenue missed analyst estimates by 7.2%. Earnings per share (EPS) was also behind analyst expectations.
Looking ahead, revenue is forecast to grow 5.5% p.a. on average during the next 3 years, compared to a 9.8% growth forecast for the Software industry in Europe.
Performance of the market in the Netherlands.
The company's shares are down 21% from a week ago.
Risk Analysis
It is worth noting though that we have found 1 warning sign for TomTom that you need to take into consideration.
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About ENXTAM:TOM2
TomTom
Develops and sells navigation and location-based products and services in Europe, North America, and internationally.
Flawless balance sheet and undervalued.