Stock Analysis

Argeo First Quarter 2024 Earnings: EPS Beats Expectations

OB:ARGEO
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Argeo (OB:ARGEO) First Quarter 2024 Results

Key Financial Results

  • Revenue: US$9.47m (up 301% from 1Q 2023).
  • Net income: US$1.99m (up from US$2.17m loss in 1Q 2023).
  • Profit margin: 21% (up from net loss in 1Q 2023). The move to profitability was driven by higher revenue.
  • EPS: US$0.01 (up from US$0.029 loss in 1Q 2023).
earnings-and-revenue-history
OB:ARGEO Earnings and Revenue History May 26th 2024

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

Argeo EPS Beats Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) exceeded analyst estimates.

Looking ahead, revenue is forecast to grow 35% p.a. on average during the next 3 years, compared to a 19% growth forecast for the Construction industry in Norway.

Performance of the Norwegian Construction industry.

The company's shares are up 1.8% from a week ago.

Risk Analysis

Before we wrap up, we've discovered 3 warning signs for Argeo (1 is a bit concerning!) that you should be aware of.

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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.