Stock Analysis

Integrated Wind Solutions First Quarter 2024 Earnings: Misses Expectations

Published
OB:IWS

Integrated Wind Solutions (OB:IWS) First Quarter 2024 Results

Key Financial Results

  • Revenue: €5.40m (down 1.1% from 1Q 2023).
  • Net loss: €2.61m (loss widened by 275% from 1Q 2023).
  • €0.067 loss per share (further deteriorated from €0.02 loss in 1Q 2023).
OB:IWS Earnings and Revenue Growth June 5th 2024

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

Integrated Wind Solutions Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 50%. Earnings per share (EPS) was also behind analyst expectations.

Looking ahead, revenue is forecast to grow 48% p.a. on average during the next 3 years, compared to a 20% growth forecast for the Construction industry in Norway.

Performance of the Norwegian Construction industry.

The company's shares are up 2.5% from a week ago.

Risk Analysis

You still need to take note of risks, for example - Integrated Wind Solutions has 1 warning sign we think 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.