StrongPoint Second Quarter 2024 Earnings: Misses Expectations
StrongPoint (OB:STRO) Second Quarter 2024 Results
Key Financial Results
- Revenue: kr297.2m (down 12% from 2Q 2023).
- Net loss: kr21.2m (loss widened by kr20.2m from 2Q 2023).
- kr0.47 loss per share (further deteriorated from kr0.021 loss in 2Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
StrongPoint Revenues and Earnings Miss Expectations
Revenue missed analyst estimates by 2.6%. Earnings per share (EPS) also missed analyst estimates by 17%.
Looking ahead, revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Electronic industry in Norway.
Performance of the Norwegian Electronic industry.
The company's shares are down 6.0% from a week ago.
Risk Analysis
We should say that we've discovered 1 warning sign for StrongPoint that you should be aware of before investing here.
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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.
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About OB:STRO
StrongPoint
Develops, sells, and implements integrated technology solutions for in-store and online shopping in Scandinavia and internationally.
Good value with reasonable growth potential.