Stock Analysis
Instabank (OB:INSTA) First Quarter 2024 Results
Key Financial Results
- Revenue: kr70.2m (flat on 1Q 2023).
- Net income: kr18.2m (down 23% from 1Q 2023).
- Profit margin: 26% (down from 34% in 1Q 2023).
- EPS: kr0.05 (down from kr0.07 in 1Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Instabank Revenues and Earnings Beat Expectations
Revenue exceeded analyst estimates by 6.9%. Earnings per share (EPS) also surpassed analyst estimates by 6.6%.
Looking ahead, revenue is forecast to grow 29% p.a. on average during the next 2 years, compared to a 1.4% growth forecast for the Banks industry in Norway.
Performance of the Norwegian Banks industry.
The company's share price is broadly unchanged from a week ago.
Risk Analysis
Before you take the next step you should know about the 2 warning signs for Instabank that we have uncovered.
Valuation is complex, but we're helping make it simple.
Find out whether Instabank is potentially over or undervalued by checking out our comprehensive analysis, which includes fair value estimates, risks and warnings, dividends, insider transactions and financial health.
View the Free AnalysisHave feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
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 OB:INSTA
Undervalued with adequate balance sheet.
