Multiconsult (OB:MULTI) Third Quarter 2024 Results
Key Financial Results
- Revenue: kr1.15b (up 18% from 3Q 2023).
- Net income: kr81.1m (up by kr70.0m from 3Q 2023).
- Profit margin: 7.1% (up from 1.1% in 3Q 2023). The increase in margin was driven by higher revenue.
- EPS: kr2.95 (up from kr0.40 in 3Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Multiconsult Revenues and Earnings Beat Expectations
Revenue exceeded analyst estimates by 4.1%. Earnings per share (EPS) also surpassed analyst estimates by 113%.
Looking ahead, revenue is forecast to grow 4.9% p.a. on average during the next 3 years, compared to a 5.7% growth forecast for the Professional Services industry in Europe.
Performance of the market in Norway.
The company's shares are up 1.8% from a week ago.
Risk Analysis
It's necessary to consider the ever-present spectre of investment risk. We've identified 3 warning signs with Multiconsult (at least 1 which doesn't sit too well with us), and understanding them should be part of your investment process.
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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:MULTI
Multiconsult
Engages in the provision of engineering design, consultancy, and architecture services in Norway and internationally.
Outstanding track record and undervalued.
