Sparebanken Vest (OB:SVEG) Third Quarter 2024 Results
Key Financial Results
- Revenue: kr2.02b (up 27% from 3Q 2023).
- Net income: kr487.0m (up 40% from 3Q 2023).
- Profit margin: 24% (up from 22% in 3Q 2023). The increase in margin was driven by higher revenue.
- EPS: kr4.44 (up from kr3.18 in 3Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Sparebanken Vest Revenues and Earnings Beat Expectations
Revenue exceeded analyst estimates by 5.5%. Earnings per share (EPS) also surpassed analyst estimates by 15%.
Looking ahead, revenue is forecast to stay flat during the next 3 years, in line with the revenue forecast for the Banks industry in Norway.
Performance of the Norwegian Banks industry.
The company's shares are down 2.8% from a week ago.
Risk Analysis
It's still necessary to consider the ever-present spectre of investment risk. We've identified 1 warning sign with Sparebanken Vest, and understanding this should be part of your investment process.
New: Manage All Your Stock Portfolios in One Place
We've created the ultimate portfolio companion for stock investors, and it's free.
• Connect an unlimited number of Portfolios and see your total in one currency
• Be alerted to new Warning Signs or Risks via email or mobile
• Track the Fair Value of your stocks
Have 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:SVEG
Sparebanken Vest
A financial services company, provides banking and financing services in the counties of Vestland and Rogaland, Norway.
Undervalued with solid track record and pays a dividend.
