Hexagon Purus Second Quarter 2024 Earnings: Revenues Beat Expectations, EPS Lags

Hexagon Purus (OB:HPUR) Second Quarter 2024 Results

Key Financial Results

• Revenue: kr528.4m (up 60% from 2Q 2023).
• Net loss: kr217.7m (loss widened by 51% from 2Q 2023).
• kr0.78 loss per share (further deteriorated from kr0.52 loss in 2Q 2023).

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

Hexagon Purus Revenues Beat Expectations, EPS Falls Short

Revenue exceeded analyst estimates by 13%. Earnings per share (EPS) missed analyst estimates by 20%.

Looking ahead, revenue is forecast to grow 36% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Machinery industry in Norway.

Performance of the Norwegian Machinery industry.

The company's shares are down 5.8% from a week ago.

Risk Analysis

Be aware that Hexagon Purus is showing 3 warning signs in our investment analysis and 1 of those is significant...

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.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com