Rana Gruber Third Quarter 2024 Earnings: Revenues Beat Expectations, EPS Lags

Rana Gruber (OB:RANA) Third Quarter 2024 Results

Key Financial Results

• Revenue: kr388.6m (down 17% from 3Q 2023).
• Net income: kr61.6m (down 45% from 3Q 2023).
• Profit margin: 16% (down from 24% in 3Q 2023). The decrease in margin was driven by lower revenue.
• EPS: kr1.66 (down from kr3.00 in 3Q 2023).

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

Rana Gruber Revenues Beat Expectations, EPS Falls Short

Revenue exceeded analyst estimates by 1.6%. Earnings per share (EPS) missed analyst estimates by 38%.

Looking ahead, revenue is forecast to grow 1.9% p.a. on average during the next 3 years, compared to a 2.1% growth forecast for the Metals and Mining industry in Europe.

Performance of the market in Norway.

The company's shares are down 5.7% from a week ago.

Risk Analysis

You should always think about risks. Case in point, we've spotted 2 warning signs for Rana Gruber you should be aware of, and 1 of them is potentially serious.

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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.