Stock Analysis

Bien Sparebank Third Quarter 2024 Earnings: Revenues Miss Expectations

Simply Wall St

Published November 08, 2024

Bien Sparebank (OB:BIEN) Third Quarter 2024 Results

Key Financial Results

Revenue: kr37.5m (flat on 3Q 2023).
Net income: kr14.0m (up 11% from 3Q 2023).
Profit margin: 37% (up from 34% in 3Q 2023).

OB:BIEN Earnings and Revenue Growth November 8th 2024

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

Bien Sparebank Revenues Disappoint

Revenue missed analyst estimates by 3.1%.

Looking ahead, revenue is forecast to grow 3.2% p.a. on average during the next 3 years, while revenues in the Banks industry in Norway are expected to remain flat.

Performance of the Norwegian Banks industry.

The company's shares are up 8.3% from a week ago.

Risk Analysis

What about risks? Every company has them, and we've spotted 2 warning signs for Bien Sparebank you should know about.

Valuation is complex, but we're here to simplify it.

Discover if Bien Sparebank might be undervalued or overvalued with our detailed analysis, featuring fair value estimates, potential risks, dividends, insider trades, and its financial condition.

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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.