Stock Analysis
Sunndal Sparebank Third Quarter 2024 Earnings: Revenues Beat Expectations, EPS Lags
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.
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.
About OB:SUNSB
Sunndal Sparebank
Engages in the provision of banking services for personal and corporate markets in Norway.