NRC Group Third Quarter 2024 Earnings: Revenues Beat Expectations, EPS Lags

NRC Group (OB:NRC) Third Quarter 2024 Results

Key Financial Results

• Revenue: kr2.10b (up 14% from 3Q 2023).
• Net loss: kr9.00m (down by 118% from kr49.0m profit in 3Q 2023).
• kr0.13 loss per share (down from kr0.67 profit in 3Q 2023).

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

NRC Group Revenues Beat Expectations, EPS Falls Short

Revenue exceeded analyst estimates by 14%. Earnings per share (EPS) missed analyst estimates.

Looking ahead, revenue is forecast to grow 3.1% 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 17% from a week ago.

Risk Analysis

We should say that we've discovered 3 warning signs for NRC Group (2 are a bit unpleasant!) that you should be aware of before investing here.

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