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- OB:VEI
Veidekke Second Quarter 2024 Earnings: EPS Beats Expectations, Revenues Lag
Veidekke (OB:VEI) Second Quarter 2024 Results
Key Financial Results
- Revenue: kr10.8b (down 3.4% from 2Q 2023).
- Net income: kr358.0m (up 30% from 2Q 2023).
- Profit margin: 3.3% (up from 2.5% in 2Q 2023). The increase in margin was driven by lower expenses.
- EPS: kr2.70 (up from kr2.00 in 2Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Veidekke EPS Beats Expectations, Revenues Fall Short
Revenue missed analyst estimates by 3.9%. Earnings per share (EPS) exceeded analyst estimates by 14%.
Looking ahead, revenue is forecast to grow 2.7% p.a. on average during the next 3 years, compared to a 21% growth forecast for the Construction industry in Norway.
Performance of the Norwegian Construction industry.
The company's shares are up 2.4% from a week ago.
Risk Analysis
Before you take the next step you should know about the 1 warning sign for Veidekke that we have uncovered.
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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.
About OB:VEI
Veidekke
Operates as a construction and property development company in Norway, Sweden, and Denmark.
Undervalued with solid track record and pays a dividend.