Stock Analysis

Sunndal Sparebank Third Quarter 2024 Earnings: Revenues Beat Expectations, EPS Lags

Published
OB:SUNSB

Sunndal Sparebank (OB:SUNSB) Third Quarter 2024 Results

Key Financial Results

  • Revenue: kr34.5m (down 73% from 3Q 2023).
  • Net income: kr36.2m (up 87% from 3Q 2023).
  • EPS: kr2.36.
OB:SUNSB Earnings and Revenue Growth November 18th 2024

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

Sunndal Sparebank Revenues Beat Expectations, EPS Falls Short

Revenue exceeded analyst estimates by 7.2%. Earnings per share (EPS) missed analyst estimates by 48%.

Looking ahead, revenue is forecast to grow 2.5% p.a. on average during the next 3 years, compared to a 1.1% 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

It's still necessary to consider the ever-present spectre of investment risk. We've identified 3 warning signs with Sunndal Sparebank, and understanding them should be part of your investment process.

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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.