Rogaland Sparebank Third Quarter 2024 Earnings: EPS Beats Expectations, Revenues Lag

Rogaland Sparebank (OB:ROGS) Third Quarter 2024 Results

Key Financial Results

• Revenue: kr294.0m (up 43% from 3Q 2023).
• Net income: kr141.3m (up 138% from 3Q 2023).
• Profit margin: 48% (up from 29% in 3Q 2023). The increase in margin was driven by higher revenue.
• EPS: kr3.80 (up from kr2.80 in 3Q 2023).

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

Rogaland Sparebank EPS Beats Expectations, Revenues Fall Short

Revenue missed analyst estimates by 1.1%. Earnings per share (EPS) exceeded analyst estimates by 67%.

Looking ahead, revenue is forecast to grow 4.5% 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 1.7% from a week ago.

Risk Analysis

It is worth noting though that we have found 1 warning sign for Rogaland Sparebank that you need to take into consideration.

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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.