Stock Analysis

XXL Third Quarter 2022 Earnings: EPS Beats Expectations, Revenues Lag

  •  Updated
OB:XXL
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XXL (OB:XXL) Third Quarter 2022 Results

Key Financial Results
  • Revenue: kr2.31b (down 14% from 3Q 2021).
  • Net income: kr42.0m (down 40% from 3Q 2021).
  • Profit margin: 1.8% (down from 2.6% in 3Q 2021).
  • EPS: kr0.16 (down from kr0.28 in 3Q 2021).
earnings-and-revenue-growth
OB:XXL Earnings and Revenue Growth October 28th 2022

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

XXL EPS Beats Expectations, Revenues Fall Short

Revenue missed analyst estimates by 3.8%. Earnings per share (EPS) exceeded analyst estimates.

Looking ahead, revenue is forecast to grow 4.1% p.a. on average during the next 3 years, compared to a 4.9% growth forecast for the Specialty Retail industry in Europe.

Performance of the market in Norway.

The company's shares are up 3.3% from a week ago.

Risk Analysis

You still need to take note of risks, for example - XXL has 1 warning sign we think you should be aware of.

Valuation is complex, but we're helping make it simple.

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About OB:XXL

XXL

XXL ASA operates as a sports retailer. It offers sports equipment and sportswear for various sports, including running, football, golf, water sports, racket sports, and ice hockey; and fitness equipment, including treadmills and rowing machines, as well as food supplements and nutrition.

Flawless balance sheet and undervalued.