Public Property Invest (OB:PUBLI) Third Quarter 2024 Results
Key Financial Results
- Revenue: kr173.0m (up 22% from 3Q 2023).
- Net income: kr17.0m (up from kr300.7m loss in 3Q 2023).
- Profit margin: 9.8% (up from net loss in 3Q 2023).
- EPS: kr0.08.
All figures shown in the chart above are for the trailing 12 month (TTM) period
Public Property Invest Revenues and Earnings Miss Expectations
Revenue missed analyst estimates by 1.3%. Earnings per share (EPS) also missed analyst estimates by 72%.
Looking ahead, revenue is forecast to grow 3.9% p.a. on average during the next 3 years, compared to a 1.3% growth forecast for the Real Estate industry in Norway.
Performance of the Norwegian Real Estate industry.
The company's shares are down 3.7% from a week ago.
Balance Sheet Analysis
Just as investors must consider earnings, it is also important to take into account the strength of a company's balance sheet. We've done some analysis and you can see our take on Public Property Invest's balance sheet.
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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:PUBLI
Public Property Invest
A real estate company, owns, develops, operates, and rents real estate properties in Norway.
Reasonable growth potential with mediocre balance sheet.
