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

Webstep (OB:WSTEP) Second Quarter 2024 Results

Key Financial Results

• Revenue: kr229.5m (down 8.0% from 2Q 2023).
• Net income: kr14.1m (up 11% from 2Q 2023).
• Profit margin: 6.1% (up from 5.1% in 2Q 2023). The increase in margin was driven by lower expenses.
• EPS: kr0.50 (up from kr0.46 in 2Q 2023).

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

Webstep Revenues Beat Expectations, EPS Falls Short

Revenue exceeded analyst estimates by 3.3%. Earnings per share (EPS) missed analyst estimates by 16%.

Looking ahead, revenue is forecast to stay flat during the next 3 years compared to a 8.3% growth forecast for the IT industry in Norway.

Performance of the Norwegian IT industry.

The company's shares are up 5.8% from a week ago.

Risk Analysis

You still need to take note of risks, for example - Webstep has 3 warning signs we think you should be aware of.

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