Måsøval Second Quarter 2024 Earnings: Revenues Beat Expectations, EPS Lags

Simply Wall St

August 29, 2024

Måsøval (OB:MAS) Second Quarter 2024 Results

Key Financial Results

Revenue: kr934.0m (up 17% from 2Q 2023).
Net income: kr101.6m (up from kr126.9m loss in 2Q 2023).
Profit margin: 11% (up from net loss in 2Q 2023). The move to profitability was primarily driven by higher revenue.
EPS: kr1.46 (up from kr1.24 loss in 2Q 2023).

earnings-and-revenue-growth — OB:MAS Earnings and Revenue Growth August 29th 2024

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

Måsøval Revenues Beat Expectations, EPS Falls Short

Revenue exceeded analyst estimates by 7.1%. Earnings per share (EPS) missed analyst estimates by 15%.

Looking ahead, revenue is forecast to grow 5.5% p.a. on average during the next 3 years, compared to a 8.3% growth forecast for the Food industry in Norway.

Performance of the Norwegian Food industry.

The company's shares are up 2.2% from a week ago.

Risk Analysis

Before we wrap up, we've discovered 1 warning sign for Måsøval that you should be aware of.

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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.