Stock Analysis

Kongsberg Gruppen Third Quarter 2024 Earnings: EPS Beats Expectations

OB:KOG
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Kongsberg Gruppen (OB:KOG) Third Quarter 2024 Results

Key Financial Results

  • Revenue: kr11.9b (up 20% from 3Q 2023).
  • Net income: kr1.36b (up 30% from 3Q 2023).
  • Profit margin: 11% (in line with 3Q 2023).
  • EPS: kr7.72 (up from kr5.93 in 3Q 2023).
earnings-and-revenue-growth
OB:KOG Earnings and Revenue Growth October 25th 2024

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

Kongsberg Gruppen EPS Beats Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 3.1%.

Looking ahead, revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Aerospace & Defense industry in Europe.

Performance of the market in Norway.

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

Valuation

Kongsberg Gruppen's financial results now indicate the company's shares could be facing some headwinds based on 6 important indicators. Discover what analysts are forecasting and how the current share price shapes up by clicking here.

Valuation is complex, but we're here to simplify it.

Discover if Kongsberg Gruppen might be undervalued or overvalued with our detailed analysis, featuring fair value estimates, potential risks, dividends, insider trades, and its financial condition.

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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.