Argeo First Quarter 2024 Earnings: EPS Beats Expectations

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).

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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