Kongsberg Gruppen Third Quarter 2024 Earnings: EPS Beats Expectations

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).

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.

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