Webstep Third Quarter 2024 Earnings: EPS Beats Expectations

Webstep (OB:WSTEP) Third Quarter 2024 Results

Key Financial Results

• Revenue: kr189.4m (down 10% from 3Q 2023).
• Net income: kr7.02m (up by kr6.75m from 3Q 2023).
• Profit margin: 3.7% (up from 0.1% in 3Q 2023). The increase in margin was driven by lower expenses.
• EPS: kr0.25 (up from kr0.01 in 3Q 2023).

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

Webstep Earnings Insights

Looking ahead, revenue is forecast to grow 3.2% p.a. on average during the next 3 years, compared to a 8.6% growth forecast for the IT industry in Norway.

Performance of the Norwegian IT industry.

The company's shares are up 6.1% from a week ago.

Risk Analysis

Don't forget that there may still be risks. For instance, we've identified 3 warning signs for Webstep that you should be aware of.

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